Axxcess Wealth Management LLC Makes New $206,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Axxcess Wealth Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the first quarter, HoldingsChannel reports. The firm bought 650 shares of the construction company’s stock, valued at approximately $206,000.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Comfort Systems USA during the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter worth approximately $44,000. GAMMA Investing LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $61,000. Finally, Spire Wealth Management bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $61,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Comfort Systems USA Stock Up 6.0 %

FIX opened at $309.76 on Friday. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $352.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market cap of $11.06 billion, a P/E ratio of 30.67 and a beta of 1.15. The stock’s 50 day moving average price is $316.23 and its 200 day moving average price is $293.95.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 32.69% and a net margin of 7.02%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm earned $1.93 EPS. The firm’s revenue was up 39.6% compared to the same quarter last year. As a group, research analysts predict that Comfort Systems USA, Inc. will post 12.24 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of Comfort Systems USA stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the completion of the transaction, the director now owns 8,198 shares in the company, valued at $2,541,380. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,961 shares of company stock worth $2,622,664. 1.80% of the stock is owned by company insiders.

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.