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

Wealth Enhancement Advisory Services LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 97.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,375 shares of the construction company's stock after purchasing an additional 3,644 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Comfort Systems USA were worth $2,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FIX. Private Trust Co. NA raised its position in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the period. Hillsdale Investment Management Inc. raised its position in Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after acquiring an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after acquiring an additional 42 shares during the period. Covestor Ltd raised its position in Comfort Systems USA by 10.8% in the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after acquiring an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Comfort Systems USA by 24.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock worth $112,000 after acquiring an additional 52 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

NYSE FIX opened at $535.04 on Friday. The company's 50 day moving average is $462.08 and its 200-day moving average is $421.07. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $18.88 billion, a P/E ratio of 32.10 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. The company's quarterly revenue was up 19.1% compared to the same quarter last year. Sell-side analysts predict 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 was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is 10.80%.

Analysts Set New Price Targets

FIX has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. DA Davidson boosted their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six investment 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.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the company's 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 sale, the insider now owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,800 shares of company stock valued at $18,696,795. Company insiders own 1.59% of the company's stock.

About Comfort Systems USA

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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