1,035 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Bought by AE Wealth Management LLC

AE Wealth Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,035 shares of the construction company’s stock, valued at approximately $334,000.

Several other hedge funds have also added to or reduced their stakes in FIX. LPL Financial LLC raised its stake in Comfort Systems USA by 39.8% during the 4th quarter. LPL Financial LLC now owns 22,598 shares of the construction company’s stock worth $9,583,000 after buying an additional 6,438 shares during the period. JPMorgan Chase & Co. increased its holdings in Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Comfort Systems USA by 8.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock worth $2,082,000 after purchasing an additional 370 shares in the last quarter. Schroder Investment Management Group bought a new position in Comfort Systems USA during the 4th quarter worth about $37,797,000. Finally, Clearbridge Investments LLC bought a new position in Comfort Systems USA during the 4th quarter worth about $23,413,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 2.3%

Comfort Systems USA stock opened at $703.39 on Thursday. Comfort Systems USA, Inc. has a 52 week low of $272.92 and a 52 week high of $709.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market capitalization of $24.82 billion, a P/E ratio of 36.15 and a beta of 1.51. The stock has a 50-day simple moving average of $528.17 and a 200 day simple moving average of $441.01.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company posted $3.74 earnings per share. Comfort Systems USA’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.25%.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 198,046 shares in the company, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer owned 47,473 shares of the company’s stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,300 shares of company stock worth $18,485,795. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FIX. Stifel Nicolaus increased their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. UBS Group increased their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $635.60.

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.