AE Wealth Management LLC Takes $334,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• AE Wealth Management LLC has acquired 1,035 shares of Comfort Systems USA, Inc., valued at approximately $334,000, during the 1st quarter of the year.
• Comfort Systems USA reported an EPS of $6.53 for its latest quarter, exceeding analysts' estimates by $1.69 and achieving a year-over-year revenue growth of 20.1%.
• The company has recently declared a quarterly dividend of $0.50 per share, up from the previous amount of $0.45, representing an annualized yield of 0.28%.

AE Wealth Management LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,035 shares of the construction company's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FIX. Tradewinds Capital Management LLC boosted its position in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Versant Capital Management Inc boosted its position in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Colonial Trust Co SC boosted its position in Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC boosted its position in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the subject of several analyst reports. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. UBS Group increased their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Performance

FIX stock traded down $7.06 during midday trading on Friday, reaching $696.24. The stock had a trading volume of 552,387 shares, compared to its average volume of 406,624. The stock has a market cap of $24.56 billion, a PE ratio of 35.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a fifty day simple moving average of $537.48 and a two-hundred day simple moving average of $444.42. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $718.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $3.74 EPS. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is 10.28%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William George III sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,700 shares of company stock worth $21,638,967 in the last three months. Company insiders own 1.59% 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.