Allworth Financial LP Has $2.59 Million Position in Comfort Systems USA, Inc. $FIX

Allworth Financial LP increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6,506.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,823 shares of the construction company’s stock after buying an additional 4,750 shares during the period. Allworth Financial LP’s holdings in Comfort Systems USA were worth $2,586,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA during the second quarter valued at $27,000. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the 1st quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after purchasing an additional 37 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. Finally, Tradewinds Capital Management LLC grew its position in shares of Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus set a $1,069.00 target price on shares of Comfort Systems USA in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $974.01 on Thursday. 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, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The company has a fifty day moving average of $847.59 and a 200-day moving average of $658.56. The firm has a market capitalization of $34.36 billion, a P/E ratio of 41.24 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS 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 given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the transaction, the director owned 22,535 shares in the company, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares of the company’s stock, valued at $4,021,640. This trade represents a 38.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,078 shares of company stock worth $15,242,037 over the last three months. Insiders own 1.59% of the company’s stock.

About Comfort Systems USA

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.