Fiducient Advisors LLC Takes $569,000 Position in Comfort Systems USA, Inc. $FIX

Key Points

• Fiducient Advisors LLC opened a new position in Comfort Systems USA during the fourth quarter, buying 610 shares worth about $569,000.
• Several analysts turned more bullish on the stock, with firms including UBS, Stifel, and Oppenheimer raising targets; the consensus rating is Buy with an average price target of $1,969.33.
• Comfort Systems USA reported strong quarterly results, beating estimates on both earnings per share and revenue, and also raised its quarterly dividend from $0.70 to $0.80 per share.

Fiducient Advisors LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 610 shares of the construction company's stock, valued at approximately $569,000.

A number of other hedge funds have also recently modified their holdings of FIX. Farmers & Merchants Investments Inc. raised its position in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock worth $41,000 after purchasing an additional 10 shares during the last quarter. West Michigan Advisors LLC raised its position in shares of Comfort Systems USA by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company's stock worth $717,000 after purchasing an additional 10 shares during the last quarter. EWA LLC raised its position in shares of Comfort Systems USA by 2.7% in the 4th quarter. EWA LLC now owns 379 shares of the construction company's stock worth $353,000 after purchasing an additional 10 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of Comfort Systems USA by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company's stock worth $264,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price target for the company. Stifel Nicolaus lifted their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Oppenheimer started coverage on Comfort Systems USA in a research report on Thursday. They issued an "outperform" rating and a $2,200.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $1,969.33.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Rhoman J. Hardy sold 342 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company's stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the business's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the sale, the director directly owned 68,983 shares of the company's stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,694 shares of company stock valued at $54,374,425 in the last quarter. Insiders own 1.24% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,857.34 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $465.05 and a fifty-two week high of $2,073.99. The business has a 50-day simple moving average of $1,684.30 and a two-hundred day simple moving average of $1,318.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market cap of $65.38 billion, a price-to-earnings ratio of 53.59 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $4.75 EPS. Comfort Systems USA's revenue was up 56.5% on a year-over-year basis. On average, analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA's dividend payout ratio is currently 9.23%.

About Comfort Systems USA

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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