Optimum Investment Advisors Has $1.60 Million Position in Comfort Systems USA, Inc. $FIX

Optimum Investment Advisors lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,988 shares of the construction company’s stock after purchasing an additional 25 shares during the period. Comfort Systems USA accounts for 0.7% of Optimum Investment Advisors’ portfolio, making the stock its 26th largest position. Optimum Investment Advisors’ holdings in Comfort Systems USA were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth $27,000. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth $31,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 18.9%

FIX opened at $981.15 on Friday. The stock has a market capitalization of $34.61 billion, a P/E ratio of 41.54 and a beta of 1.58. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,002.64. The firm’s fifty day simple moving average is $776.79 and its 200 day simple moving average is $600.69. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 46.08%. The business had revenue of $713.90 million for the quarter. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 10.28%.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares of the company’s stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the sale, the director directly owned 6,500 shares in the company, valued at $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $766.20.

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.