Alliance Wealth Advisors LLC UT Acquires 145 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Alliance Wealth Advisors LLC UT increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,714 shares of the construction company’s stock after buying an additional 145 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Comfort Systems USA were worth $969,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FIX. Byrne Asset Management LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $59,000. GAMMA Investing LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at approximately $61,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Comfort Systems USA during the third quarter valued at approximately $119,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at approximately $125,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $9.40 on Friday, reaching $302.00. The company’s stock had a trading volume of 662,976 shares, compared to its average volume of 297,811. Comfort Systems USA, Inc. has a 52-week low of $133.24 and a 52-week high of $335.25. The company has a market cap of $10.78 billion, a P/E ratio of 29.90 and a beta of 1.19. The company has a 50-day simple moving average of $303.25 and a 200 day simple moving average of $234.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $1.51 EPS. The business’s revenue was up 30.8% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.40%. Comfort Systems USA’s payout ratio is currently 9.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FIX shares. DA Davidson increased their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp started coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock worth $13,739,345 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.