Comfort Systems USA (NYSE:FIX) Stock, Quote.Headers.trade-ideas

Comfort Systems USA

Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.

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The Taiwan subsidiary of Otis Worldwide Corporation (NYSE: OTIS) has acquired Jardine Schindler Lifts Limited (Taiwan) from the Jardine Schindler Group.

OTIS&#39; Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan

RPM International Inc. (NYSE: RPM) is benefiting from the efficient execution of its MAP 2025 initiatives, increased infrastructure demand, especially in international markets, and its focus on the repair and maintenance business.

Here&#39;s Why Investors Must Retain RPM International Stock Now

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Altair Engineering Inc. (NASDAQ: ALTR) has entered into a joint development agreement with Oasys, the software house of Arup, to offer an integrated solution for safety simulation modeling.

Altair &amp; Oasys to Offer Enhanced Safety Modeling Solutions

Comfort Systems USA Inc

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Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 10 years by 28.97% on an annualized basis producing an average annual return of 40.79%. Currently, Comfort Systems USA has a market capitalization of $14.44 billion. 
Buying $1000 In FIX: If an investor had bought $1000 of FIX stock 10 years ago, it would be worth $30,822.05 today based on a price of $405.31 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728419414_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $31,000 Today

Comfort Systems USA's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) short percent of float has fallen 25.66% since its last report. The company recently reported that it has 485 thousand shares sold short, which is 1.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Comfort Systems USA Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728328513_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comfort Systems USA has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Comfort Systems USA's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Comfort Systems USA's peer group average for short interest as a percentage of float is 5.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Comfort Systems USA's Recent Short Interest

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 5 years by 41.12% on an annualized basis producing an average annual return of 55.37%. Currently, Comfort Systems USA has a market capitalization of $13.76 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 5 years ago, it would be worth $890.29 today based on a price of $386.09 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727278229_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $900 Today

Comfort Systems USA's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) short percent of float has risen 5.63% since its last report. The company recently reported that it has 553 thousand shares sold short, which is 2.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Comfort Systems USA Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726074911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comfort Systems USA has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Comfort Systems USA's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Comfort Systems USA's peer group average for short interest as a percentage of float is 5.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Comfort Systems USA's Recent Short Interest

The Taiwan subsidiary of Otis Worldwide Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/otis#NYSE">OTIS</a>) has acquired Jardine Schindler Lifts Limited (Taiwan) from the Jardine Schindler Group.
This buyout will strengthen the company&#39;s position in the Taiwan market with the expanded customer reach and operational capacity of Jardine Schindler Lifts. Otis is optimistic about introducing its products and service offerings, including the recently launched Otis ONE platform and the connected Gen3 elevators, to the new customer base.
This strategic transaction, a milestone for Otis, will enable it to better serve the region and its customers.
<h2>Other Growth Initiatives of OTIS</h2>
Apart from inorganic growth strategies, Otis also focuses on organic ways of fostering its growth. The primary organic growth strategy is innovation. The company seems to be invested in seeking innovation opportunities and capitalizing on them for its upcoming prospects.
Otis invested $144 million in R&amp;D in 2023. Furthermore, during the first six months of 2024, it invested $75 million in R&amp;D, up 5.6% year over year. The year-over-year increase in R&amp;D investments showcases the company&#39;s intent focus on amalgamating recent technologies into its products to stay well-positioned in the market.
As of 2023-end, it had 11 R&amp;D centers and 17 factories across the world, primarily in China, India, Japan, France, Germany, Spain and the United States. These centers are strategically placed to enable the efficient development of engineering solutions. Also, the company&#39;s approximately 1,200 global engineers focus intently on digital initiatives, software, design user interfaces and experience.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/58/77163.jpg?v=1035623020" />
Image Source: Zacks Investment Research
Shares of this leading manufacturer of elevators, escalators and moving walkways have gained 2.5% in the year-to-date period compared with the Zacks Building Products - Miscellaneous industry&#39;s 9.2% growth. Although the company&#39;s shares have underperformed the industry, it intends to continue innovating and expanding the digital ecosystem and undergo inorganic initiatives to foster its prospects in the upcoming period.
<h2>OTIS&#39; Zacks Rank &amp; Key Picks</h2>
Otis Worldwide currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) currently sports a Zacks Rank #1 (Strong Buy).
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 64.4% in the past year. The Zacks Consensus Estimate for FIX&#39;s 2024 sales and earnings per share indicates growth of 29.4% and 57.8%, respectively, from the prior-year levels.
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 17.4%, on average. Shares of STRL gained 42% in the past year.
The consensus estimate for STRL&#39;s 2024 sales and EPS implies an increase of 9.7% and 26.6%, respectively, from the prior-year levels.
Frontdoor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftdr#NASDAQ">FTDR</a>) presently sports a Zacks Rank of 1. FTDR delivered a trailing four-quarter earnings surprise of 279%, on average. The stock has gained 47.7% in the past year.
The Zacks Consensus Estimate for FTDR&#39;s 2024 sales and EPS indicates an increase of 3% and 18.7%, respectively, from a year ago.
<a href="https://www.zacks.com/stock/news/2334050/otis-taiwan-subsidiary-acquires-jardine-schindler-lifts-in-taiwan?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334050">To read this article on Zacks.com click here.</a>

OTIS' Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 10 years by 25.1% on an annualized basis producing an average annual return of 35.82%. Currently, Comfort Systems USA has a market capitalization of $11.21 billion. 
Buying $1000 In FIX: If an investor had bought $1000 of FIX stock 10 years ago, it would be worth $21,097.18 today based on a price of $314.77 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725458411_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $21,000 Today

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Shares of building and construction-related stocks are trading lower after July construction spending data missed estimates. The sector may be moving lower amid overall market weakness after August's ISM Manufacturing PMI data indicated an economic contraction.

RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) is benefiting from the efficient execution of its MAP 2025 initiatives, increased infrastructure demand, especially in international markets, and its focus on the repair and maintenance business.
The estimate for the Zacks Rank #3 (Hold) company&#39;s earnings for fiscal 2025 has trended upward in the past 30 days to $5.51 per share from $5.46. The estimate figure indicates growth rate of 11.5% from the figure reported a year ago. Although the estimate for first-quarter fiscal 2025 earnings has declined to $1.76 per share from $1.77 during the same time frame, the figure indicates 7.3% year-over-year growth.
The growth prospect is solidified with a VGM Score of A, backed by a Growth Score of A and a Value Score of B. The positive trend signifies bullish analyst sentiments, robust fundamentals and prospects of an outperformance in the near term.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6d/75441.jpg?v=795962214" />
Image Source: Zacks Investment Research
However, the company is facing headwinds in the form of increased costs and expenses and soft demand trends across two of four of its reportable segments. Shares of this manufacturer and marketer of specialty coatings, sealants and building materials have gained 16.7% in the past year compared with the Zacks Paints and Related Products industry&#39;s 31.4% growth.
<h2>Factors Supporting the Uptrend of RPM</h2>
MAP 2025 Plan: This operational improvement initiative was unveiled by RPM in August 2022 to maximize operational efficiencies and generate superior value for its customers, associates and shareholders through 2025. Despite the ongoing market uncertainties and challenging end-market scenario, RPM International realized notable benefits from the MAP 2025 initiatives.
During fiscal 2024, the company achieved 11.9% year-over-year growth in its adjusted EBIT of $941.6 million, with the metric reaching record levels for 10 consecutive quarters in the fiscal fourth quarter of 2024. The benefits were also reflected in the 14.9% growth of the annual adjusted earnings per share to $4.94. Moreover, as part of this strategic plan, the company recently consolidated 12 facilities, which demonstrates its continued momentum in generating efficiencies. For fiscal 2025, it is projecting $185 million of annualized MAP 2025 savings and expects to deliver solid year-over-year adjusted EBIT growth between the mid-single and the low-double-digit range.
Strong Infrastructure Demand Trends: RPM International has been witnessing increased infrastructure demand from its global markets for some time now. Across its Construction Products Group and Performance Coatings Group segments, net sales contributions seem to be increasing thanks to the sales volume growth in businesses providing engineered solutions targeting infrastructure, reshoring and high-performance building projects.
During fiscal 2024, geographically, the company&#39;s revenue growth was mainly backed by strong sales growth in Canada, Europe, Latin America, and Africa, the Middle East and Other Foreign.
Repair &amp; Maintenance Business Bodes Well: RPM positions itself strongly in an uncertain economic scenario by focusing on its repair and maintenance business. In many a case, soft sales trends directly impact the top line. In such scenarios, this business helps uplift the top line and maintains growth trends of the company.
During fiscal 2024, the company could pave its way through market uncertainties mostly because of the strategic balance maintained through its mix of repair and maintenance along with its entrepreneurial spirit. Moving into fiscal 2025, it believes that this strategic balance will continue to support its uptrend.
<h2>What is Restricting the Prospects of RPM?</h2>
Softness in Certain Sales Expectations: RPM International has been witnessing soft demand from specialty original equipment manufacturer end markets, particularly those with exposure to residential housing, and reduced consumer purchases in do-it-yourself segments at retail outlets. This downtrend is reflected in the soft contributions from its Consumer Group and Specialty Products Group segments.
Given the declining trend, the company expects SPG and Consumer Group segments&#39; net sales to decline year over year in the low-single digits in the first quarter of fiscal 2025.
Increased Cost &amp; Expenses: RPM&#39;s business has been witnessing higher costs and expenses related to restructuring, divestitures and labor inflation. The company incurred $30 million of restructuring expenses during fiscal 2024 compared with $15.6 million in the year-ago comparable period. For fiscal 2025, it expects wage inflation to continue with moderate raw material cost increases in the second half of the year.
As of the end of fiscal 2024, the company expects to complete most MAP 2025 activities (by the end of fiscal 2025), with an estimated $81.5 million in additional future expenditures related to MAP 2025 implementation due to increases in expected severance and benefit charges of $46.6 million and expected facility closure accompanied with other related costs of $27.8 million.
<h2>Key Picks</h2>
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) currently sports a Zacks Rank #1 (Strong Buy).
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 86.8% in the past year. The Zacks Consensus Estimate for FIX&#39;s 2024 sales and earnings per share indicates growth of 29.4% and 50.9%, respectively, from the prior-year levels.
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently flaunts a Zacks Rank of 1. HWM delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 98.7% in the past year.
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates increases of 12.6% and 39.1%, respectively, from a year ago.
Century Communities, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccs#NYSE">CCS</a>) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 35.6%, on average. Shares of CCS gained 45.5% in the past year.
The consensus estimate for CCS&#39; 2024 sales and EPS implies increases of 17.9% and 31.5%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2327191/here-s-why-investors-must-retain-rpm-international-rpm-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327191">To read this article on Zacks.com click here.</a>

Here's Why Investors Must Retain RPM International Stock Now

Altair Engineering Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/altr#NASDAQ">ALTR</a>) has entered into a joint development agreement with Oasys, the software house of Arup, to offer an integrated solution for safety simulation modeling.
This collaborative approach will provide access to a combined service platform, comprising Altair HyperWorks and Oasys PRIMER, to the automotive market for offering customers an advanced solution for safety modeling. This amalgamated platform is accessible through the Altair HyperWorks environment, through which engineers will be able to prepare data for crash simulations.
Altair HyperWorks is powered by AI-augmented 3D modeling and visualization tools, along with next-gen design and optimization workflows. This aids the users in effortlessly managing large and complex models, unveiling critical insights, optimizing designs and fostering innovation. On the other hand, the Oasys PRIMER is a top-tier product, used for the preparation and modification of crash safety analysis models.
<h2>Altair HyperWorks Revolutionizing Growth</h2>
Altair officially announced the launch of Altair HyperWorks 2024 on Jul 10, 2024, highlighting it to be the sole platform offering a unified, modern user experience across any geometry, physics and complexity and at every stage of the product development life cycle from design to in-service. The launch of this design and simulation platform solidified the company&#39;s platform status as a leading AI-powered simulation-driven innovator.
Altair is also engaging in various investment opportunities to enhance the HyperWorks platform and foster its growth prospects in the process. In April 2024, the company acquired Research in Flight, which offers computational fluid dynamics software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery and automotive applications. The technology is being integrated into the Altair HyperWorks design and simulation platform.
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Image Source: Zacks Investment Research
The company is outpacing the industry, which primarily revolves around AI-embedded workflows, thanks to its continuous approach toward innovation and enhancements of its already available service platforms. Owing to the improving trends, shares of this American multinational information technology company gained 40.6% in the past year, outperforming the Zacks Engineering - R and D Services industry&#39;s 38.5% growth.
<h2>Zacks Rank &amp; Key Picks</h2>
Altair currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) currently sports a Zacks Rank #1 (Strong Buy).
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 88.8% in the past year. The Zacks Consensus Estimate for FIX&#39;s 2024 sales and earnings per share&nbsp;indicates growth of 29.4% and 50.9%, respectively, from the prior-year levels.
M/I Homes, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mho#NYSE">MHO</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 4.8%, on average. Shares of MHO have gained 65.7% in the past year.
The consensus estimate for MHO&#39;s 2024 sales and EPS implies increases of 9.4% and 20.8%, respectively, from the prior-year levels.
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently sports a Zacks Rank of 1. HWM delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 96.3% in the past year.
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates increases of 12.6% and 39.1%, respectively, from a year ago.
<a href="https://www.zacks.com/stock/news/2325848/altair-altr-oasys-to-offer-enhanced-safety-modeling-solutions?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325848">To read this article on Zacks.com click here.</a>

Altair & Oasys to Offer Enhanced Safety Modeling Solutions

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 20 years by 13.28% on an annualized basis producing an average annual return of 21.75%. Currently, Comfort Systems USA has a market capitalization of $12.02 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 20 years ago, it would be worth $4,999.70 today based on a price of $337.48 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724252422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Comfort Systems USA Stock In The Last 20 Years

The primary focus of Otis Worldwide Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/otis#NYSE">OTIS</a>) has been seeking innovation opportunities and making strategic investments in them to foster its growth. Keeping up with this focal aspect, the Thailand subsidiary of Otis has recently disclosed its Gen3-connected elevator platform in Bangkok.
<h3>Appealing Aspects of the Gen3 Elevator</h3>
Built upon the breakthrough designs of the Gen2 family of elevators, this new addition houses the Otis ONE IoT digital platform, thus enabling it to proactively communicate by monitoring equipment health and performance round-the-clock in real time. The new innovative elevator model will also ensure the safety of the riders due to the visibility of equipment health through remote intervention from Otis professionals by identifying potential issues or other maintenance requirements.
The availability of machine room and machine room-less options makes it flexible enough to adjust to a wide range of building uses, including residential, commercial, hospitality, medical and industrial.
The combination of various solutions, including Cloud-based APIs, the Otis eView in-car display, compass 360 intelligent dispatching technology and the Otis eCall Plus app, will make advanced passenger experiences possible. Furthermore, the inclusion of the Otis ReGen drive, LED lighting and sleep mode will ensure the reduction of energy usage and the elevator&#39;s carbon footprint.
Additionally, the company&#39;s signature Ambiance cab design, Otis PURE elevator control panel and the Otis Cab Air Purifier will add a modern touch to the new elevator model, alongside enhancing the health and well-being of its passengers.
<h3>Innovation Driving Growth</h3>
Otis seems to be on a research and development (R&amp;D) investment spree. It invested $144 million in R&amp;D in 2023. Furthermore, during the first six months of 2024, it invested $75 million in R&amp;D, up 5.6% year over year. The year-over-year increase in R&amp;D investments showcases the company&#39;s intent focus on amalgamating recent technologies into its products to stay well-positioned in the market.
As of 2023-end, it had 11 R&amp;D centers and 17 factories across the world, primarily in China, India, Japan, France, Germany, Spain and the United States. These centers are strategically placed to enable the efficient development of engineering solutions. Also, the company&#39;s approximately 1,200 global engineers focus intently on digital initiatives, software, design user interfaces, and experience.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f8/74610.jpg?v=1875172869" />
Image Source: Zacks Investment Research
Shares of this leading manufacturer of elevators, escalators, and moving walkways have gained 1.2% in the past six months compared with the Zacks Building Products - Miscellaneous industry&#39;s 4.2% growth. Although the company&#39;s shares have underperformed the industry, it intends to continue innovating and expanding the digital ecosystem and suite of digital solutions to foster its prospects in the upcoming period.
<h3>Zacks Rank &amp; Key Picks</h3>
Otis currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) currently sports a Zacks Rank #1 (Strong Buy).
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 33.9% in the past six months. The Zacks Consensus Estimate for FIX&#39;s 2024 sales and earnings per share indicates growth of 29.4% and 50.9%, respectively, from the prior-year reported levels.
M/I Homes, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mho#NYSE">MHO</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 4.8%, on average. Shares of MHO have gained 22.7% in the past six months.
The consensus estimate for MHO&#39;s 2024 sales and EPS implies increases of 9.4% and 20.8%, respectively, from the prior-year reported levels.
Sterling Infrastructure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strl#NASDAQ">STRL</a>) presently sports a Zacks Rank of 1. STRL delivered a trailing four-quarter earnings surprise of 17.4%, on average. The stock has risen 36.3% in the past six months.
The Zacks Consensus Estimate for STRL&#39;s 2024 sales and EPS indicates increases of 9.7% and 26.6%, respectively, from a year ago.
<a href="https://www.zacks.com/stock/news/2323841/otis-expands-product-offering-with-new-gen3-elevator-platform?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2323841">To read this article on Zacks.com click here.</a>

OTIS Expands Product Offering With New Gen3 Elevator Platform

Comfort Systems USA shares are trading higher after the company increased its stock repurchase program.

The compay said its Board of Directors has approved an amendment to the Company&#39;s stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1,000,000 shares by authorizing the Company to acquire up to 411,426 additional shares of its outstanding common stock.
This extension of the stock repurchase program will &quot;top off&quot; the plan and permit the Company to repurchase up to an additional 1 million shares of its currently outstanding common stock beyond what had already been purchased as of August 7, 2024.
&nbsp;

Buybacks

Comfort Systems USA Boosts Stock Repurchase Program

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 15 years by 12.24% on an annualized basis producing an average annual return of 23.75%. Currently, Comfort Systems USA has a market capitalization of $11.05 billion. 
Buying $1000 In FIX: If an investor had bought $1000 of FIX stock 15 years ago, it would be worth $24,149.20 today based on a price of $309.63 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723059043_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $24,000 Today

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

Comfort Systems USA shares are trading higher after the company reported better-than-expected Q2 EPS and sales.

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) reported quarterly earnings of $3.74 per share which beat the analyst consensus estimate of $3.14 by 19.11 percent. The company reported quarterly sales of $1.810 billion which beat the analyst consensus estimate of $1.688 billion by 7.26 percent. This is a 39.62 percent increase over sales of $1.296 billion the same period last year.

Earnings Beats

Comfort Systems USA Q2 2024 GAAP EPS $3.74 Beats $3.14 Estimate, Sales $1.810B Beat $1.688B Estimate

Comfort Systems USA's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) short percent of float has fallen 46.42% since its last report. The company recently reported that it has 682 thousand shares sold short, which is 2.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Comfort Systems USA Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721923213_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comfort Systems USA has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Comfort Systems USA's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Comfort Systems USA's peer group average for short interest as a percentage of float is 5.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(FIX) - Analyzing Comfort Systems USA's Short Interest

Shares of construction companies are trading lower possibly following PMI data.

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 10 years by 24.2% on an annualized basis producing an average annual return of 34.91%. Currently, Comfort Systems USA has a market capitalization of $11.14 billion. 
Buying $1000 In FIX: If an investor had bought $1000 of FIX stock 10 years ago, it would be worth $20,116.13 today based on a price of $311.80 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721844021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Comfort Systems USA 10 Years Ago Would Be Worth Today

Invesco Discovery Fund Q2 2024 Review

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Investing in <a target="_blank" href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> that have the potential to double your money can be a difficult task. It involves conducting extensive due diligence and being patient as you navigate the market&rsquo;s ups and downs.&nbsp;



For investors looking towards the end of the decade, several sectors have the potential to create multibaggers. This includes industries such as artificial intelligence, renewable energy, healthcare, and infrastructure, to name a few. Moreover, companies may benefit from industry or company-specific tailwinds to drive their revenue, earnings, and free cash flow.&nbsp;



This backdrop can position them to outperform the broader market in the years ahead. While past performance does not indicate future results, these companies possess strong fundamentals to achieve outsized returns by 2030.&nbsp;



Here are the top three growth stocks to buy for the potential of 100% gains or more!



<h2>GoDaddy (GDDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gddy-1600-300x169.jpg" alt="GoDaddy website"><div>Source: dennizn / Shutterstock.com</div></div>GoDaddy (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/gddy-stock-quote/">GDDY</a>) is a technology company in the web and domain hosting space that is off to the races in 2024. The company&rsquo;s strategic focus on its suite of services for small and medium-sized enterprises (SMEs) continues to drive profitable growth.



GoDaddy is a lesser-known company that has catapulted into the spotlight this year. After its recent addition to the S&amp;P 500 Index, both Wall Street and retail investors are starting to take notice. The stock is on a rampage this year and has risen more than 50% year to date due to the company&rsquo;s expanding revenue, earnings, EBITDA, and free cash flow. In addition, GoDaddy is investing heavily in growing its AI-powered platform, GoDaddy Airo. It includes an unparalleled customer experience, with features such as AI logo generation, social media marketing, and SEO capabilities. Moreover, its revenue increased 7% year-over-year in the <a href="https://s23.q4cdn.com/406380394/files/doc_financials/2024/q2/GDDY-Q2-2024-Earnings-Release-Revised.pdf" target="_blank">second quarter</a>, including a 76% bump in its net earnings to $146.3 million. With compounding free cash flow and strong margin expansion capabilities, GDDY stock is among the top growth stocks to buy to double your money.



<h2>Texas Roadhouse (TXRH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/txrh-stock-1-300x169.jpg" alt="An outside and closeup view of a Texas Roadhouse, Inc. (TXRH) sign"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Texas Roadhouse (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/txrh-stock-quote/">TXRH</a>) is another company on the list that has incredible long-term growth potential. With the company&rsquo;s restaurant expansions underway in 2024, it can significantly expand its revenue, earnings, and EBITDA through 2030.



Texas Roadhouse is a restaurant chain focusing on high-quality steaks and sides, which have gained incredible traction since the pandemic. It is known for its family-oriented atmosphere, pleasant customer service, and relatively affordable dining options. Additionally, the company has done exceptionally well in the last two years when considering the more budget-conscious consumer. Large restaurant chains like McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/" target="_blank">MCD</a>) recently saw their first slump in comparable store sales since 2020, while Texas Roadhouse is seeing the opposite. After a strong start to the year, Texas Roadhouse&rsquo;s growth continues to accelerate. In the <a href="https://s22.q4cdn.com/200744459/files/doc_financials/2024/q2/TXRH-2024-Q2-Earnings-Release-Draft-7-25-24.pdf" target="_blank">second quarter</a>, revenue increased 14.5% year-over-year to $1.34 billion. Net earnings swelled 46% year-over-year to $120 million, with comparable restaurant sales up sequentially to 9.3%. The company&rsquo;s expansion plan, including 15 company restaurants and six franchises open in 2024, is a strong sign of future growth.



<h2>Comfort Systems USA (FIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/fix1600-300x169.jpg" alt="The logo for Comfort Systems USA (FIX) displayed on a smartphone screen with a technical chart in the background."><div>Source: Piotr Swat / Shutterstock.com</div></div>Comfort Systems USA (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/fix-stock-quote/">FIX</a>) is the final selection of the best <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> to buy for 100% gains or more. As global infrastructure spending continues to ramp up this year and in the future, Comfort Systems will be one of the major beneficiaries.&nbsp;



Comfort Systems is known for its heating, ventilation, and air conditioning (HVAC) services expertise. Over the last several years, the company has experienced an unprecedented demand for installation and maintenance services. Many of its commercial and industrial clients have become repeat customers, contributing to its robust earnings and cash flow growth. Additionally, its growing cash flows and increasing profitability have rewarded its shareholders. In April, Comfort Systems <a href="https://investors.comfortsystemsusa.com/news-releases/news-release-details/comfort-systems-usa-increases-quarterly-dividend-22#:~:text=(NYSE%3A%20FIX)%2C%20a,Company's%20most%20recent%20dividend%2C%20on" target="_blank">raised its quarterly dividend by 20% to 30 cents per share</a>. This increase was followed by management&rsquo;s strong guidance for the 2024 fiscal year. In the <a href="https://investors.comfortsystemsusa.com/news-releases/news-release-details/comfort-systems-usa-reports-second-quarter-2024-results" target="_blank">second quarter</a>, revenue increased 40% year-over-year. Net earnings swelled 93% year-over-year to $134 million, and its backlog is near a record $5.77 billion. Its continued strong revenue and earnings growth signals strength in the business moving forward.



On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-no-brainer-growth-stocks-to-buy-for-the-potential-of-100-gains-or-more-by-2030/">3 No-Brainer Growth Stocks to Buy for the Potential of 100% Gains (or More) by 2030</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Comfort Systems USA

Comfort Systems USA (FIX) Forecast

Comfort Systems USA (NYSE:FIX) Stock, Quote.Headers.trade-ideas