Susquehanna Fundamental Investments LLC Purchases Shares of 97,800 Comfort Systems USA, Inc. (NYSE:FIX)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, Holdings Channel reports. The fund purchased 97,800 shares of the construction company’s stock, valued at approximately $29,743,000. Comfort Systems USA accounts for about 0.7% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 27th largest holding.

Several other hedge funds have also added to or reduced their stakes in FIX. GAMMA Investing LLC increased its position in shares of Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after purchasing an additional 42 shares during the period. Caprock Group LLC boosted its stake in Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after buying an additional 63 shares in the last quarter. CWM LLC boosted its stake in Comfort Systems USA by 60.3% in the second 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. Lifestyle Asset Management Inc. boosted its stake in Comfort Systems USA by 9.6% in the second quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock valued at $337,000 after buying an additional 97 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Comfort Systems USA by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,700 shares of the construction company’s stock valued at $2,764,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred 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 directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred 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 directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction that occurred 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 transaction, 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. Insiders have sold a total of 24,391 shares of company stock valued at $8,076,855 over the last ninety days. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $390.09 on Friday. The business’s 50-day moving average price is $332.84 and its 200-day moving average price is $321.82. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $403.07. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 38.62 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the firm posted $1.93 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is currently 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.