Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 47.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 866 shares of the construction company’s stock after buying an additional 278 shares during the quarter. Private Advisor Group LLC’s holdings in Comfort Systems USA were worth $279,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of Comfort Systems USA by 39.8% in the 4th quarter. LPL Financial LLC now owns 22,598 shares of the construction company’s stock valued at $9,583,000 after purchasing an additional 6,438 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Comfort Systems USA by 8.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock worth $2,082,000 after buying an additional 370 shares in the last quarter. Franklin Resources Inc. raised its holdings in Comfort Systems USA by 5.3% in the 4th quarter. Franklin Resources Inc. now owns 174,406 shares of the construction company’s stock valued at $73,959,000 after acquiring an additional 8,827 shares during the last quarter. National Bank of Canada FI lifted its position in Comfort Systems USA by 520.5% during the fourth quarter. National Bank of Canada FI now owns 937 shares of the construction company’s stock worth $397,000 after buying an additional 786 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after acquiring an additional 21,406 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $696.24 on Friday. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $718.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The business has a 50 day simple moving average of $537.48 and a 200-day simple moving average of $444.42. The stock has a market capitalization of $24.56 billion, a PE ratio of 35.78 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the company posted $3.74 earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a $0.50 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.25%.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $635.60.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were 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 owned 26,535 shares of the company’s stock, valued at approximately $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director directly owned 7,236 shares in the company, valued at $3,155,619.60. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,700 shares of company stock valued at $21,638,967. 1.59% of the stock is currently owned by company insiders.

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.