Cerity Partners LLC Buys 7,466 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cerity Partners LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 81.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,617 shares of the construction company’s stock after purchasing an additional 7,466 shares during the period. Cerity Partners LLC’s holdings in Comfort Systems USA were worth $6,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIX. Covestor Ltd raised its position in Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after purchasing an additional 31 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after acquiring an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after acquiring an additional 34 shares during the period. CIBC Asset Management Inc grew its holdings in Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after acquiring an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP grew its holdings in Comfort Systems USA by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 3.5 %

Shares of FIX stock opened at $486.65 on Thursday. The stock’s fifty day moving average price is $421.92 and its 200 day moving average price is $356.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $510.79. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 37.23 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.74 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.29%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insider Buying and Selling

In other news, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 in the last 90 days. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $481.00.

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.