Seven Eight Capital LP Makes New $1.20 Million Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Seven Eight Capital LP purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,960 shares of the construction company’s stock, valued at approximately $1,204,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors increased its stake in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after buying an additional 451,852 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $87,733,000. Norges Bank bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $81,299,000. Hennessy Advisors Inc. acquired a new stake in Comfort Systems USA in the fourth quarter worth approximately $30,151,000. Finally, Blackstone Inc. bought a new position in Comfort Systems USA during the 1st quarter valued at $41,302,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Up 6.7 %

NYSE FIX opened at $380.27 on Friday. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $382.00. The company has a market capitalization of $13.58 billion, a P/E ratio of 37.65 and a beta of 1.13. The company’s 50 day simple moving average is $325.41 and its 200 day simple moving average is $319.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 EPS. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.32%. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,391 shares of company stock worth $8,076,855. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Company Profile

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.