Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 77.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,012 shares of the construction company’s stock after buying an additional 878 shares during the period. Captrust Financial Advisors’ holdings in Comfort Systems USA were worth $785,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd increased its stake in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after acquiring an additional 31 shares during the last quarter. Signaturefd LLC increased its position in Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after buying an additional 34 shares during the period. CIBC Asset Management Inc lifted its position in Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after buying an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP grew its stake in Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after buying an additional 40 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.7 %

Shares of Comfort Systems USA stock opened at $459.41 on Wednesday. Comfort Systems USA, Inc. has a 1-year low of $192.06 and a 1-year high of $510.79. The company has a market capitalization of $16.35 billion, a PE ratio of 35.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50-day moving average of $439.53 and a 200-day moving average of $366.87.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (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 the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 EPS. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In related news, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction 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 approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Analyst Ratings Changes

A number of brokerages have recently commented on FIX. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

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.