Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 50.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,151 shares of the construction company’s stock after acquiring an additional 387 shares during the quarter. Advisors Asset Management Inc.’s holdings in Comfort Systems USA were worth $449,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the third quarter worth $38,000. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the second quarter worth $41,000. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its stake in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FIX. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their target price for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $481.00.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the company’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 sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last quarter. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $486.65 on Thursday. The stock has a 50-day moving average price of $421.92 and a two-hundred day moving average price of $356.70. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $510.79. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $17.32 billion, a PE ratio of 37.23 and a beta of 1.13.

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

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.