Fiduciary Planning LLC Makes New Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Fiduciary Planning LLC acquired 400 shares of Comfort Systems USA, Inc. valued at approximately $214,000 during the second quarter, indicating increasing interest from institutional investors in the company.
• Insider selling has occurred, with COO T. Mckenna Trent selling 4,400 shares for about $3.15 million, reflecting a significant decrease in the insider's position.
• Comfort Systems USA recently declared a quarterly dividend of $0.50 per share, marking an increase from the previous dividend of $0.45.

Fiduciary Planning LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400 shares of the construction company's stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA in the second quarter valued at approximately $27,000. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA in the first quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the firm'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 in the company, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director owned 6,500 shares in the company, valued at $4,523,220. This represents a 14.23% 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 ninety days. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 1.4%

FIX stock opened at $827.02 on Monday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $861.77. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company 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 of $761.23 and a two-hundred day moving average of $583.68.

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

Comfort Systems USA Increases Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is 10.28%.

Analyst Ratings Changes

Several research firms have recently issued reports on FIX. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their target price 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 lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, UBS Group increased their target price 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. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $735.80.

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.

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