Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,102 shares of the construction company’s stock after acquiring an additional 239 shares during the period. Farther Finance Advisors LLC’s holdings in Comfort Systems USA were worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Portside Wealth Group LLC increased its position in Comfort Systems USA by 20.9% during the 1st quarter. Portside Wealth Group LLC now owns 1,409 shares of the construction company’s stock worth $454,000 after purchasing an additional 244 shares in the last quarter. UMB Bank n.a. raised its holdings in Comfort Systems USA by 11.7% in the first quarter. UMB Bank n.a. now owns 1,096 shares of the construction company’s stock valued at $353,000 after acquiring an additional 115 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $247,000. Congress Asset Management Co. boosted its holdings in shares of Comfort Systems USA by 8.2% in the 1st quarter. Congress Asset Management Co. now owns 107,565 shares of the construction company’s stock valued at $34,671,000 after buying an additional 8,111 shares during the period. Finally, E. Ohman J or Asset Management AB bought a new stake in Comfort Systems USA in the first quarter valued at $25,155,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $525.80.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director now owns 26,535 shares in the company, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $500.61 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $17.66 billion, a PE ratio of 34.26 and a beta of 1.51. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock’s fifty day moving average is $433.81 and its 200-day moving average is $419.15.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion during 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 revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS. Equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is 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.