Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,670 shares of the construction company’s stock after buying an additional 46 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Comfort Systems USA were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FIX. Hollencrest Capital Management purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the third quarter valued at $38,000. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA in the third quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares in the company, valued at $2,144,220. This represents a 32.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Up 5.7 %

FIX opened at $493.11 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 12 month low of $198.30 and a 12 month high of $510.79. The stock has a market capitalization of $17.55 billion, a P/E ratio of 37.73 and a beta of 1.23. The business has a 50 day simple moving average of $460.49 and a 200-day simple moving average of $389.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIX. Stifel Nicolaus began coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

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.