Capstone Investment Advisors LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Capstone Investment Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,838 shares of the construction company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $246,000. Norden Group LLC raised its holdings in shares of Comfort Systems USA by 1,143.4% in the 1st quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after buying an additional 46,480 shares during the period. Hennessy Advisors Inc. lifted its stake in Comfort Systems USA by 18.6% during the 1st quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock worth $55,218,000 after acquiring an additional 27,200 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Comfort Systems USA by 16.5% during the fourth quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock worth $10,251,000 after purchasing an additional 7,067 shares during the period. Finally, Harvest Investment Services LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $511,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 3.1 %

FIX opened at $302.32 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $352.45. The company has a market cap of $10.80 billion, a P/E ratio of 29.93 and a beta of 1.15. The business’s 50-day simple moving average is $321.06 and its 200-day simple moving average is $283.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm’s revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a $0.30 dividend. The ex-dividend date was Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. Comfort Systems USA’s dividend payout ratio is 11.88%.

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the sale, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the sale, the director now owns 11,173 shares in the company, valued at approximately $3,832,339. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.