DAVENPORT & Co LLC Purchases New Holdings in Comfort Systems USA, Inc. $FIX

DAVENPORT & Co LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 496 shares of the construction company’s stock, valued at approximately $266,000.

Several other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock worth $364,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its stake in Comfort Systems USA by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock worth $254,000 after acquiring an additional 148 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth about $302,000. Azzad Asset Management Inc. ADV purchased a new stake in Comfort Systems USA in the 1st quarter worth about $780,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock worth $2,377,000 after acquiring an additional 3,644 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 3.5%

Comfort Systems USA stock opened at $844.75 on Tuesday. The firm’s fifty day simple moving average is $749.97 and its 200-day simple moving average is $569.52. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $861.77. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $29.80 billion, a P/E ratio of 43.41 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $713.90 million during the quarter. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Analysts Set New Price Targets

FIX has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Comfort Systems USA from $746.00 to $917.00 and gave the stock a “buy” rating in a research note on Monday. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. UBS Group increased their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $735.80.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction that occurred 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 transaction, the insider directly owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,783 shares of company stock worth $18,710,798. 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.