Ameritas Advisory Services LLC Invests $3.75 Million in Comfort Systems USA, Inc. $FIX

Key Points

• Ameritas Advisory Services acquired 1,893 shares of Comfort Systems USA valued at approximately $3.75 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with revenue up 50.3% year over year to $3.27 billion and EPS of $12.53, beating estimates by $2.08.
• The company increased its quarterly dividend to $0.90 per share, while analysts maintain a consensus “Buy” rating with an average price target of $2,082.86.

Ameritas Advisory Services LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,893 shares of the construction company's stock, valued at approximately $3,752,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential PLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $6,922,000. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock valued at $1,565,000 after purchasing an additional 748 shares during the period. BNP Paribas Financial Markets lifted its holdings in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock worth $53,383,000 after purchasing an additional 39,888 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $601,000. Finally, Swiss Life Asset Management Ltd lifted its holdings in Comfort Systems USA by 713.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company's stock worth $12,392,000 after purchasing an additional 11,645 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,648.94 on Wednesday. The stock has a market cap of $58.03 billion, a PE ratio of 40.55 and a beta of 1.67. Comfort Systems USA, Inc. has a 12 month low of $698.06 and a 12 month high of $2,073.99. The company has a 50-day moving average price of $1,694.96 and a 200 day moving average price of $1,685.29. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm's revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA's dividend payout ratio is 8.85%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price objective for the company. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research note on Monday, July 27th. DA Davidson started coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They set a "buy" rating and a $2,100.00 price objective for the company. Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $2,082.86.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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