Wealth Enhancement Advisory Services LLC Has $6.93 Million Position in Comfort Systems USA, Inc. $FIX

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Comfort Systems USA by 73.8%, bringing its holdings to a total value of $6.93 million at the end of the last quarter.
• Comfort Systems USA reported an earnings per share (EPS) of $6.53 for the last quarter, exceeding analysts' estimates of $4.84, and achieved a revenue of $2.17 billion.
• The company recently raised its quarterly dividend from $0.45 to $0.50, providing a 0.2% yield to shareholders.

Wealth Enhancement Advisory Services LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 73.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,816 shares of the construction company's stock after purchasing an additional 5,441 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Comfort Systems USA were worth $6,933,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FIX. Jones Financial Companies Lllp boosted its holdings in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after acquiring an additional 832,999 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after acquiring an additional 253,677 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Comfort Systems USA by 299.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after acquiring an additional 239,692 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Comfort Systems USA during the 1st quarter worth $74,634,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 2.1%

Shares of FIX opened at $804.36 on Wednesday. The firm has a market cap of $28.38 billion, a P/E ratio of 41.33 and a beta of 1.54. The stock has a 50 day simple moving average of $694.64 and a two-hundred day simple moving average of $521.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $825.00.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.74 earnings per share. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is currently 10.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Stifel Nicolaus lifted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target of $668.60.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 8,436 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 over the last 90 days. 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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