Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,066 shares of the construction company’s stock after selling 205 shares during the period. Diversify Advisory Services LLC’s holdings in Comfort Systems USA were worth $469,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FIX. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA during the third quarter worth $138,987,000. Millennium Management LLC lifted its position in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares during the period. Natixis Advisors LLC grew its position in shares of Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after buying an additional 119,033 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Comfort Systems USA during the second quarter worth about $29,743,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FIX. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. UBS Group boosted their target price 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. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 5.0 %

Comfort Systems USA stock opened at $528.89 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $200.15 and a 12-month high of $529.24. The stock has a market capitalization of $18.82 billion, a PE ratio of 40.47 and a beta of 1.23. The firm has a 50 day simple moving average of $463.34 and a 200-day simple moving average of $394.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.26%. This is a boost 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.