Comfort Systems USA, Inc. $FIX Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 36.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,342 shares of the construction company’s stock after buying an additional 888 shares during the period. Brighton Jones LLC’s holdings in Comfort Systems USA were worth $2,757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedmont Private Capital grew its holdings in shares of Comfort Systems USA by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after acquiring an additional 18 shares during the last quarter. Archer Investment Corp boosted its position in shares of Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after purchasing an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Comfort Systems USA by 12.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $107,000 after purchasing an additional 22 shares during the period. Transce3nd LLC increased its stake in Comfort Systems USA by 12.9% in the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after purchasing an additional 22 shares in the last quarter. Finally, Optimum Investment Advisors raised its holdings in Comfort Systems USA by 0.8% during the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, 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 transaction of $2,513,525.00. Following the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 in the last ninety days. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Trading Up 0.9%

Comfort Systems USA stock opened at $949.42 on Tuesday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,036.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock has a market cap of $33.49 billion, a P/E ratio of 40.20 and a beta of 1.64. The company’s fifty day simple moving average is $936.81 and its 200-day simple moving average is $757.36.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (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 during the quarter. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was 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 (DPR) is presently 10.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on FIX shares. William Blair assumed coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. 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 restated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday. Finally, UBS Group raised their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $1,011.75.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.