2,599 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,599 shares of the construction company’s stock, valued at approximately $1,015,000.

Other hedge funds have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $138,987,000. Millennium Management LLC boosted its position in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Jennison Associates LLC boosted its position in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Blackstone Inc. purchased a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $41,302,000. Finally, Natixis Advisors LLC raised its position in shares of Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

FIX stock opened at $491.21 on Friday. The stock has a market capitalization of $17.48 billion, a PE ratio of 37.58 and a beta of 1.13. The stock’s 50 day simple moving average is $410.60 and its 200 day simple moving average is $352.42. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $494.50. 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 (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company posted $2.74 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FIX shares. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $396.00 to $525.00 in a research report on Tuesday. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $525.00 price target for the company. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares in the company, valued at $3,699,880.56. The trade was a 21.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated 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 35,746 shares of company stock valued at $14,684,140 over the last three months. Insiders own 1.80% of the company’s stock.

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.