Algert Global LLC Buys 8,472 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Algert Global LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 50.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,295 shares of the construction company’s stock after acquiring an additional 8,472 shares during the quarter. Algert Global LLC owned approximately 0.07% of Comfort Systems USA worth $7,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA during the 2nd quarter worth approximately $41,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $44,000. National Bank of Canada FI grew its position 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 worth $62,000 after buying an additional 149 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $65,000. Finally, CWM LLC grew its position 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 buying an additional 82 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Darcy Anderson sold 3,546 shares of the firm’s 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 owns 37,193 shares in the company, valued at approximately $12,503,914.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO William George III sold 5,845 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The disclosure for this sale can be found here. Insiders sold a total of 24,391 shares of company stock worth $8,076,855 in the last quarter. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $390.07 on Friday. The firm has a market cap of $13.93 billion, a P/E ratio of 38.62 and a beta of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $403.07. The business’s 50 day moving average price is $334.56 and its 200-day moving average price is $322.47. 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 (NYSE:FIX) last released its 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s payout ratio is presently 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.