Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,731 shares of the construction company's stock after buying an additional 1,107 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Comfort Systems USA were worth $1,582,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FIX. Consolidated Planning Corp boosted its holdings in Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after acquiring an additional 1,573 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth about $39,038,000. Empowered Funds LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth about $1,149,000. Kestra Investment Management LLC boosted its stake in shares of Comfort Systems USA by 28.1% in the fourth quarter. Kestra Investment Management LLC now owns 3,480 shares of the construction company's stock valued at $1,476,000 after purchasing an additional 763 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Comfort Systems USA by 67.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock valued at $65,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 2.8%

FIX stock traded down $13.80 during midday trading on Tuesday, reaching $487.53. 502,968 shares of the company were exchanged, compared to its average volume of 438,096. The company has a market cap of $17.20 billion, a price-to-earnings ratio of 33.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The stock's 50-day simple moving average is $415.11 and its 200 day simple moving average is $419.07.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company earned $2.69 earnings per share. Comfort Systems USA's quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Wall Street Analyst Weigh In

Several equities analysts have commented on FIX shares. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research note on Monday, February 24th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $525.80.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

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.