Aptus Capital Advisors LLC Buys 3,200 Shares of Comfort Systems USA, Inc. $FIX

Key Points

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Aptus Capital Advisors LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,263 shares of the construction company's stock after acquiring an additional 3,200 shares during the period. Aptus Capital Advisors LLC owned about 0.08% of Comfort Systems USA worth $9,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after purchasing an additional 296 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after purchasing an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Comfort Systems USA by 97.7% during the first 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 during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 0.7%

Shares of FIX traded down $4.7380 during trading hours on Friday, reaching $689.2620. The stock had a trading volume of 525,671 shares, compared to its average volume of 467,026. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $733.24. The firm has a 50-day simple moving average of $598.23 and a 200 day simple moving average of $466.79. 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 company has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.42 and a beta of 1.49.

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. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the business earned $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is currently 10.28%.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday. DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus upped their target price 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, Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $635.60.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock worth $20,932,366 in the last three months. 1.59% of the stock is owned by corporate insiders.

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.