Waverly Advisors LLC Purchases Shares of 1,497 Comfort Systems USA, Inc. (NYSE:FIX)

Waverly Advisors LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,497 shares of the construction company's stock, valued at approximately $635,000.

Several other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares in the last quarter. Colonial Trust Co SC raised its position in shares of 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. Private Trust Co. NA lifted its stake in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after purchasing an additional 31 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after purchasing an additional 59 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock worth $14,642,235 in the last 90 days. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Stock Down 2.0%

NYSE:FIX traded down $9.80 during mid-day trading on Wednesday, reaching $475.60. The stock had a trading volume of 431,113 shares, compared to its average volume of 439,202. 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 stock has a market cap of $16.78 billion, a P/E ratio of 32.55 and a beta of 1.48. The business's 50 day moving average is $388.71 and its 200 day moving average is $417.71. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. DA Davidson boosted their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $525.80.

Comfort Systems USA 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.