5,431 Shares in Comfort Systems USA, Inc. $FIX Acquired by Huntleigh Advisors Inc.

Key Points

• Huntleigh Advisors Inc. acquired 5,431 shares of Comfort Systems USA, valued at approximately $2.9 million, indicating growing institutional interest in the construction company.
• Analysts have a consensus rating of "Moderate Buy" for Comfort Systems USA, with a target price of $735.80 following several price objective increases from brokerages.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50 per share, resulting in an annualized dividend yield of 0.2%.

Huntleigh Advisors Inc. bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 5,431 shares of the construction company's stock, valued at approximately $2,912,000.

A number of other institutional investors also recently bought and sold shares of FIX. GAMMA Investing LLC boosted its stake in Comfort Systems USA by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 789 shares of the construction company's stock worth $254,000 after purchasing an additional 148 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Comfort Systems USA in the 1st quarter worth approximately $596,000. State of Alaska Department of Revenue lifted its stake in Comfort Systems USA by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 4,160 shares of the construction company's stock valued at $1,340,000 after acquiring an additional 115 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in Comfort Systems USA by 7.9% during the 1st quarter. Johnson Investment Counsel Inc. now owns 4,492 shares of the construction company's stock valued at $1,448,000 after acquiring an additional 329 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIX. UBS Group lifted their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $735.80.

Comfort Systems USA Price Performance

NYSE:FIX opened at $827.02 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 42.50 and a beta of 1.58. The company has a 50 day moving average price of $761.23 and a 200-day moving average price of $580.14. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's payout ratio is presently 10.28%.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,078 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director owned 6,500 shares of the company's stock, valued at approximately $4,523,220. The trade was a 14.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last 90 days. 1.59% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.