Comfort Systems USA, Inc. $FIX Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2,271.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,528 shares of the construction company’s stock after purchasing an additional 15,831 shares during the quarter. Brown Advisory Inc.’s holdings in Comfort Systems USA were worth $8,863,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $27,000. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth $31,000. Brooklyn Investment Group raised its stake in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Comfort Systems USA by 310.7% in the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after purchasing an additional 87 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on FIX. UBS Group upped their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research report on Friday, October 24th. William Blair initiated coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. 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 company. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $892.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,001.05 on Monday. The stock’s 50-day simple moving average is $906.76 and its 200-day simple moving average is $720.01. The firm has a market capitalization of $35.31 billion, a PE ratio of 42.38 and a beta of 1.64. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last announced 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 company had revenue of $713.90 million for the quarter. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were given a $0.60 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 10.16%.

Insider Activity

In related news, Director Herman E. Bulls sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the sale, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,528 shares of company stock worth $26,463,984 over the last three months. Company 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.