AQR Capital Management LLC Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

AQR Capital Management LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 88.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,540 shares of the construction company’s stock after buying an additional 66,703 shares during the quarter. AQR Capital Management LLC owned about 0.40% of Comfort Systems USA worth $43,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $41,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA during the first quarter worth approximately $44,000. National Bank of Canada FI increased its position 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 acquiring an additional 149 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at $65,000. Finally, CWM LLC lifted its holdings 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 acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $390.07 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $403.07. The business has a 50 day moving average price of $334.56 and a two-hundred day moving average price of $322.47. The firm has a market cap of $13.93 billion, a PE ratio of 38.62 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. During the same quarter last year, the company earned $1.93 earnings per share. The business’s quarterly revenue 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 business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders 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 dividend yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated 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 directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 stock was 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 owns 219,205 shares in the company, valued at approximately $72,239,007.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William George III sold 5,845 shares of the company’s 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 sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,391 shares of company stock valued at $8,076,855. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.