Fifth Third Wealth Advisors LLC Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Fifth Third Wealth Advisors LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,270 shares of the construction company’s stock after buying an additional 54 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Comfort Systems USA were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Capital World Investors increased its holdings in shares of Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Comfort Systems USA in the third quarter valued at about $138,987,000. Millennium Management LLC increased its holdings in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares during the period. Blackstone Inc. acquired a new position in shares of Comfort Systems USA in the first quarter valued at about $41,302,000. Finally, Natixis Advisors LLC increased its holdings in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after purchasing an additional 119,033 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FIX shares. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $396.00 to $525.00 in a report on Tuesday. Finally, Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. One investment 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 price target of $466.33.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at approximately $12,503,914.67. This represents a 8.70 % 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, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $476.49 on Thursday. The company has a market capitalization of $16.96 billion, a P/E ratio of 36.46 and a beta of 1.13. The business’s 50 day moving average is $404.71 and its two-hundred day moving average is $350.57. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 earnings per share. Analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA 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.