Segment Wealth Management LLC Invests $1.28 Million in Comfort Systems USA, Inc. $FIX

Segment Wealth Management LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, Holdings Channel reports. The firm bought 1,546 shares of the construction company’s stock, valued at approximately $1,276,000.

Several other large investors have also added to or reduced their stakes in FIX. Westfield Capital Management Co. LP increased its holdings in Comfort Systems USA by 5.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after purchasing an additional 46,773 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after buying an additional 3,032 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Comfort Systems USA by 3.4% during the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after buying an additional 17,469 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares in the company, valued at approximately $30,990,417.88. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 4,370 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock worth $25,381,151 in the last three months. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 13th. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

Comfort Systems USA Trading Down 1.5%

NYSE FIX opened at $949.57 on Tuesday. The business’s fifty day moving average is $949.26 and its 200-day moving average is $773.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The stock has a market capitalization of $33.49 billion, a price-to-earnings ratio of 40.20 and a beta of 1.64. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,036.67.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.