Farther Finance Advisors LLC Has $654,000 Stock Position in Comfort Systems USA, Inc. $FIX

Farther Finance Advisors LLC grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,219 shares of the construction company’s stock after acquiring an additional 117 shares during the quarter. Farther Finance Advisors LLC’s holdings in Comfort Systems USA were worth $654,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FIX. Assenagon Asset Management S.A. raised its stake in Comfort Systems USA by 7,675.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 61,346 shares of the construction company’s stock valued at $32,894,000 after acquiring an additional 60,557 shares during the period. Moody National Bank Trust Division raised its stake in Comfort Systems USA by 9.1% in the 2nd quarter. Moody National Bank Trust Division now owns 2,996 shares of the construction company’s stock valued at $1,606,000 after acquiring an additional 250 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in Comfort Systems USA by 19.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock valued at $2,690,000 after acquiring an additional 809 shares during the period. NorthCrest Asset Manangement LLC raised its stake in Comfort Systems USA by 4.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 979 shares of the construction company’s stock valued at $530,000 after acquiring an additional 41 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Comfort Systems USA by 73.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company’s stock valued at $6,933,000 after acquiring an additional 5,441 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. William Blair started coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, UBS Group raised their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $668.60.

Comfort Systems USA Trading Up 3.1%

Shares of FIX stock opened at $806.24 on Friday. The company has a market cap of $28.44 billion, a P/E ratio of 41.43 and a beta of 1.54. The stock has a 50 day simple moving average of $709.14 and a two-hundred day simple moving average of $530.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $825.00.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Insider Activity

In other news, CFO William George III sold 8,436 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company’s stock.

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.