Avantax Advisory Services Inc. Sells 164 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Avantax Advisory Services Inc. lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,498 shares of the construction company’s stock after selling 164 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Comfort Systems USA were worth $483,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its stake in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company’s stock valued at $57,000 after purchasing an additional 42 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company’s stock valued at $52,000 after purchasing an additional 43 shares during the period. Finally, PFG Advisors lifted its holdings in Comfort Systems USA by 7.2% during the 1st quarter. PFG Advisors now owns 668 shares of the construction company’s stock worth $215,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,400 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,900 shares of company stock worth $13,084,107 over the last three months. 1.59% of the stock is owned by insiders.

Comfort Systems USA Trading Down 1.0%

Shares of Comfort Systems USA stock opened at $692.42 on Wednesday. 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 company has a fifty day moving average of $541.99 and a 200 day moving average of $445.00. The company has a market capitalization of $24.43 billion, a P/E ratio of 35.58 and a beta of 1.49. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $718.40.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a $0.50 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is 9.25%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Stifel Nicolaus boosted their target price 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. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $635.60.

Comfort Systems USA 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.