Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Lifted by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,680 shares of the construction company’s stock after purchasing an additional 60 shares during the quarter. Avior Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,046,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Covestor Ltd boosted its stake in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares in the last quarter. Signaturefd LLC boosted its stake in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after buying an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after buying an additional 34 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after buying an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP boosted its stake in Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock valued at $673,000 after buying an additional 40 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,746 shares of company stock worth $14,684,140. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their price target for the company from $396.00 to $525.00 in a research report on Tuesday. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $466.33.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $476.49 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $404.71 and its two-hundred day moving average is $350.57. The company has a market cap of $16.96 billion, a P/E ratio of 36.46 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $481.80.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.74 EPS. On average, equities analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s payout ratio is currently 10.71%.

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.