Diversify Advisory Services LLC Raises Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Advisory Services LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 43.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,534 shares of the construction company's stock after buying an additional 468 shares during the quarter. Diversify Advisory Services LLC's holdings in Comfort Systems USA were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in 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 stake in Comfort Systems USA by 27.7% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Comfort Systems USA by 97.7% in 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 in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Comfort Systems USA by 256.0% in 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 in the last quarter. Finally, Spire Wealth Management grew its stake in Comfort Systems USA by 9.8% in 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 in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 0.9%

Comfort Systems USA stock opened at $555.33 on Monday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $559.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 33.31 and a beta of 1.51. The firm's 50 day moving average price is $503.56 and its two-hundred day moving average price is $431.33.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company posted $2.69 EPS. The company's quarterly revenue was up 19.1% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's payout ratio is currently 10.80%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on 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 directly owned 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 over the last 90 days. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FIX. DA Davidson raised their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average target price of $572.60.

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.

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