Advisors Asset Management Inc. Buys 1,314 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Advisors Asset Management Inc. increased its stake in Comfort Systems USA by 57.4%, acquiring 1,314 additional shares, bringing its total holdings to 3,603 shares valued at approximately $1.16 million.
• Comfort Systems USA's stock price recently rose by 1.9% to $766.33, with significant earnings exceeding analysts' expectations at $6.53 per share, up from $3.74 in the same quarter last year.
• The company announced a dividend increase from $0.45 to $0.50 per share, reflecting a payout ratio of 10.28% with a current yield of 0.3%.

Advisors Asset Management Inc. lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 57.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,603 shares of the construction company's stock after acquiring an additional 1,314 shares during the period. Advisors Asset Management Inc.'s holdings in Comfort Systems USA were worth $1,161,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FIX. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after purchasing an additional 296 shares during the period. Farther Finance Advisors LLC grew its holdings in Comfort Systems USA by 27.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after acquiring an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Comfort Systems USA by 97.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after acquiring an additional 3,644 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Comfort Systems USA by 256.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FIX shares. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. William Blair assumed coverage on shares of Comfort Systems USA in a research note on Thursday. They issued an "outperform" rating on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $635.60.

Comfort Systems USA Stock Up 1.9%

NYSE FIX traded up $14.23 during trading on Thursday, reaching $766.33. The company's stock had a trading volume of 559,783 shares, compared to its average volume of 464,663. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $27.04 billion, a PE ratio of 39.38 and a beta of 1.54. The business has a 50-day moving average price of $650.24 and a 200-day moving average price of $493.50. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $772.22.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company's revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.74 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,783 shares of company stock worth $18,710,798. Corporate insiders own 1.59% of the company's stock.

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.