Roman Butler Fullerton & Co. Makes New $279,000 Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Roman Butler Fullerton & Co. has made a new investment of $279,000 in Comfort Systems USA, acquiring 521 shares during the second quarter.
• Several other institutional investors, including Wealth Enhancement Advisory Services LLC and Sumitomo Mitsui Trust Group Inc., have also increased their stakes in Comfort Systems USA, with institutional ownership now at 96.51%.
• Comfort Systems USA has announced a quarterly dividend increase to $0.60 per share, which is a rise from its previous dividend of $0.50, and will be paid on November 24th.

Roman Butler Fullerton & Co. acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 521 shares of the construction company's stock, valued at approximately $279,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Comfort Systems USA by 13.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after acquiring an additional 296 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $27,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Comfort Systems USA by 97.7% in the 1st 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 period. Spire Wealth Management boosted its holdings in shares of Comfort Systems USA by 9.8% in the 1st 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 period. Finally, Lifestyle Asset Management Inc. boosted its holdings in shares of Comfort Systems USA by 314.1% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company's stock worth $2,078,000 after purchasing an additional 2,940 shares during the period. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the sale, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares of the company's stock, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a report on Monday, October 13th. DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus price target of $735.80.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $828.28 on Friday. The stock's fifty day moving average is $770.78 and its two-hundred day moving average is $594.08. The company has a market capitalization of $29.22 billion, a PE ratio of 42.56 and a beta of 1.58. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $861.77.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. The ex-dividend date is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.50. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

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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