Comfort Systems USA, Inc. $FIX Shares Purchased by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 94.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 600 shares of the construction company’s stock after acquiring an additional 291 shares during the period. Assetmark Inc.’s holdings in Comfort Systems USA were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Comfort Systems USA by 786.7% during the second quarter. Hantz Financial Services Inc. now owns 266 shares of the construction company’s stock worth $143,000 after purchasing an additional 236 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Comfort Systems USA by 26.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,465 shares of the construction company’s stock worth $785,000 after purchasing an additional 304 shares during the period. Mayflower Financial Advisors LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $233,000. Petra Financial Advisors Inc. purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $560,000. Finally, SYM FINANCIAL Corp lifted its holdings in shares of Comfort Systems USA by 29.8% in the 2nd quarter. SYM FINANCIAL Corp now owns 858 shares of the construction company’s stock valued at $460,000 after buying an additional 197 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the sale, the director directly owned 4,000 shares in the company, valued at approximately $4,021,640. The trade was a 38.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,447 shares of company stock valued at $16,206,497 over the last quarter. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 0.3%

Shares of NYSE:FIX opened at $954.47 on Friday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,020.26. The stock has a market cap of $33.67 billion, a P/E ratio of 40.41 and a beta of 1.55. The business has a fifty day moving average of $831.64 and a two-hundred day moving average of $644.06. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million for the quarter. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 10.16%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of analyst reports. William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research report on Friday, October 24th. UBS Group raised their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $819.20.

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.