Brendel Financial Advisors LLC Purchases New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Brendel Financial Advisors LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 488 shares of the construction company’s stock, valued at approximately $207,000.

A number of other hedge funds have also added to or reduced their stakes in FIX. Commonwealth Equity Services LLC grew its stake in Comfort Systems USA by 44.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,063 shares of the construction company’s stock worth $627,000 after acquiring an additional 632 shares in the last quarter. American Century Companies Inc. grew its stake in Comfort Systems USA by 91.1% in the 2nd quarter. American Century Companies Inc. now owns 56,124 shares of the construction company’s stock worth $17,068,000 after acquiring an additional 26,752 shares in the last quarter. Renaissance Technologies LLC grew its stake in Comfort Systems USA by 53.6% in the 2nd quarter. Renaissance Technologies LLC now owns 33,800 shares of the construction company’s stock worth $10,279,000 after acquiring an additional 11,800 shares in the last quarter. Edgestream Partners L.P. grew its stake in Comfort Systems USA by 8.8% in the 2nd quarter. Edgestream Partners L.P. now owns 5,700 shares of the construction company’s stock worth $1,733,000 after acquiring an additional 462 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in Comfort Systems USA by 251.4% in the 2nd quarter. Virtu Financial LLC now owns 13,680 shares of the construction company’s stock worth $4,160,000 after acquiring an additional 9,787 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. UBS Group increased their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $493.50.

Insider Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last 90 days. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $466.72 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm’s 50 day moving average price is $459.38 and its 200-day moving average price is $388.93. Comfort Systems USA, Inc. has a 52-week low of $198.30 and a 52-week high of $510.79. The company has a market cap of $16.61 billion, a PE ratio of 35.71 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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