Hennion & Walsh Asset Management Inc. Makes New $546,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,287 shares of the construction company’s stock, valued at approximately $546,000.

Other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $2,998,000. Zacks Investment Management lifted its position in Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the period. Entropy Technologies LP acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $1,484,000. WCM Investment Management LLC lifted its position in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after acquiring an additional 14,090 shares during the period. Finally, Quest Partners LLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $940,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE FIX opened at $504.62 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $200.15 and a 1-year high of $510.79. The company has a market capitalization of $17.96 billion, a P/E ratio of 38.61 and a beta of 1.23. The business has a 50 day moving average price of $463.34 and a 200 day moving average price of $394.53. 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 (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. This is an increase 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 was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % 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, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last ninety days. Corporate insiders own 1.80% 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.