Point72 DIFC Ltd Acquires 6,210 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Point72 DIFC Ltd grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 653.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,160 shares of the construction company’s stock after purchasing an additional 6,210 shares during the quarter. Point72 DIFC Ltd’s holdings in Comfort Systems USA were worth $2,177,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at $41,000. Rise Advisors LLC bought a new position in Comfort Systems USA during the first quarter worth about $44,000. National Bank of Canada FI increased its stake in shares of Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after purchasing an additional 149 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $65,000. Finally, CWM LLC lifted its stake in shares of Comfort Systems USA by 60.3% during the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after buying an additional 82 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the transaction, the insider now owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Comfort Systems USA Stock Up 0.2 %

Shares of NYSE FIX opened at $388.30 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $329.13 and a 200-day moving average of $320.79. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 38.45 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $393.29.

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, topping analysts’ consensus estimates 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company 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 annualized dividend and a yield of 0.31%. Comfort Systems USA’s payout ratio is 11.88%.

Comfort Systems USA 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.