Cetera Investment Advisers Has $2.40 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Cetera Investment Advisers lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,647 shares of the construction company’s stock after purchasing an additional 101 shares during the period. Cetera Investment Advisers’ holdings in Comfort Systems USA were worth $2,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after purchasing an additional 29 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after purchasing an additional 32 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock valued at $1,739,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, DA Davidson raised their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $517.60.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares of the company’s stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider now directly owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock valued at $14,642,235 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Trading Up 2.1%

Shares of NYSE FIX opened at $472.90 on Monday. The company’s fifty day moving average is $370.85 and its 200-day moving average is $415.29. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

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.