Wealth Enhancement Advisory Services LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,731 shares of the construction company's stock after purchasing an additional 1,107 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Comfort Systems USA were worth $1,582,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Comfort Systems USA during the 4th quarter valued at approximately $217,771,000. Norges Bank purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at $196,154,000. JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after purchasing an additional 250,085 shares in the last quarter. Voya Investment Management LLC increased its position in Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after purchasing an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its stake in Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after purchasing an additional 155,204 shares in the last quarter. 96.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on FIX shares. Sidoti raised 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 report on Monday, February 24th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $525.80.
Read Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Trading Up 2.4%
Comfort Systems USA stock traded up $11.98 during midday trading on Friday, reaching $511.11. The stock had a trading volume of 340,928 shares, compared to its average volume of 436,711. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 34.98 and a beta of 1.51. The company has a fifty day moving average of $411.90 and a 200 day moving average of $419.49.
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 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 company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $2.69 EPS. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio is 10.80%.
Insider Buying and Selling
In related news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now directly owns 7,236 shares of the company's stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 in the last ninety days. 1.59% of the stock is owned by company insiders.
About Comfort Systems USA
(
Free Report)
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.
Further Reading
Before you consider Comfort Systems USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comfort Systems USA wasn't on the list.
While Comfort Systems USA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
