Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 53.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,800 shares of the construction company’s stock after buying an additional 11,800 shares during the period. Renaissance Technologies LLC owned approximately 0.09% of Comfort Systems USA worth $10,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FIX. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the second quarter valued at $41,000. Rise Advisors LLC purchased a new position in Comfort Systems USA during the first quarter worth about $44,000. Headlands Technologies LLC acquired a new stake in shares of Comfort Systems USA during the first quarter valued at about $65,000. National Bank of Canada FI raised its stake in shares of Comfort Systems USA by 236.5% in the 2nd quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock valued at $62,000 after acquiring an additional 149 shares during the period. Finally, CWM LLC lifted its holdings in shares of Comfort Systems USA by 60.3% in the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.6 %

Shares of FIX opened at $387.46 on Tuesday. The company’s 50-day simple moving average is $327.97 and its 200-day simple moving average is $320.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $392.24. The stock has a market capitalization of $13.84 billion, a PE ratio of 38.36 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the company posted $1.93 EPS. The firm’s revenue was up 39.6% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.88%.

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 5,845 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was 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 directly owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is currently owned by company insiders.

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.