Comfort Systems USA, Inc. (FIX) Stake Increased by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 40.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,060 shares of the construction company’s stock after buying an additional 6,401 shares during the quarter. BlueMountain Capital Management LLC owned about 0.06% of Comfort Systems USA worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Comfort Systems USA by 11.7% during the 2nd quarter. BlackRock Inc. now owns 6,131,766 shares of the construction company’s stock worth $280,835,000 after buying an additional 643,685 shares during the period. FMR LLC grew its position in shares of Comfort Systems USA by 5.5% during the 2nd quarter. FMR LLC now owns 1,321,045 shares of the construction company’s stock worth $60,504,000 after buying an additional 68,900 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Comfort Systems USA by 7.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,314,295 shares of the construction company’s stock worth $54,215,000 after buying an additional 90,360 shares during the period. Neumeier Poma Investment Counsel LLC grew its position in shares of Comfort Systems USA by 0.9% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 980,575 shares of the construction company’s stock worth $40,449,000 after buying an additional 9,160 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Comfort Systems USA by 6.2% during the 1st quarter. Stifel Financial Corp now owns 489,207 shares of the construction company’s stock worth $20,172,000 after buying an additional 28,566 shares during the period. 91.02% of the stock is owned by institutional investors.

Shares of FIX opened at $56.70 on Friday. Comfort Systems USA, Inc. has a 12-month low of $33.85 and a 12-month high of $59.05. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.13 billion, a P/E ratio of 33.33, a PEG ratio of 2.10 and a beta of 1.33.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Friday, July 27th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Comfort Systems USA had a return on equity of 19.88% and a net margin of 4.07%. The company had revenue of $535.00 million for the quarter, compared to analysts’ expectations of $532.25 million. During the same period last year, the business earned $0.48 EPS. Comfort Systems USA’s quarterly revenue was up 15.0% compared to the same quarter last year. sell-side analysts forecast that Comfort Systems USA, Inc. will post 2.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 13th were issued a $0.085 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, August 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 19.54%.

In related news, CFO William George III sold 29,888 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $54.24, for a total value of $1,621,125.12. Following the transaction, the chief financial officer now directly owns 45,675 shares in the company, valued at approximately $2,477,412. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 4,018 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $55.25, for a total value of $221,994.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,153 shares of company stock worth $3,544,759. 3.48% of the stock is owned by company insiders.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 1st. DA Davidson set a $55.00 price objective on shares of Comfort Systems USA and gave the stock a “hold” rating in a research report on Monday, July 30th. Finally, Sidoti downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.00.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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