Ameritas Advisory Services LLC Takes Position in Comfort Systems USA, Inc. $FIX

Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51 shares of the construction company’s stock, valued at approximately $27,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock worth $824,000 after purchasing an additional 296 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock worth $2,377,000 after buying an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of Comfort Systems USA by 256.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company’s stock worth $658,000 after buying an additional 1,467 shares during the period. Spire Wealth Management increased its stake in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock worth $324,000 after purchasing an additional 90 shares during the period. Finally, Lifestyle Asset Management Inc. lifted its position in shares of Comfort Systems USA by 314.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock worth $2,078,000 after purchasing an additional 2,940 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 8,436 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 over the last 90 days. 1.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FIX shares. DA Davidson boosted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $735.80.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $835.47 on Thursday. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of 42.93 and a beta of 1.58. The company’s 50 day moving average is $755.69 and its 200 day moving average is $573.16. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $861.77.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued 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 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

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.