Advisors Asset Management Inc. Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Advisors Asset Management Inc. boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 50.7% in the third quarter, HoldingsChannel reports. The firm owned 1,151 shares of the construction company’s stock after purchasing an additional 387 shares during the period. Advisors Asset Management Inc.’s holdings in Comfort Systems USA were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after purchasing an additional 173,709 shares during the last quarter. Commerce Bank acquired a new stake in Comfort Systems USA during the third quarter valued at approximately $511,000. Thompson Davis & CO. Inc. acquired a new stake in Comfort Systems USA during the third quarter valued at approximately $349,000. Avior Wealth Management LLC raised its stake in Comfort Systems USA by 2.3% during the third quarter. Avior Wealth Management LLC now owns 2,680 shares of the construction company’s stock valued at $1,046,000 after buying an additional 60 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Comfort Systems USA by 10.3% during the third quarter. PNC Financial Services Group Inc. now owns 6,442 shares of the construction company’s stock valued at $2,514,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 3.5 %

Shares of Comfort Systems USA stock opened at $486.65 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $421.92 and its 200-day simple moving average is $356.70. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 37.23 and a beta of 1.13. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $510.79.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is 10.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FIX shares. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus started coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. Finally, Northcoast Research began coverage on 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Insider Buying and Selling

In related news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares of the company’s stock, valued at $41,553,389.64. This represents a 10.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last three months. 1.80% of the stock is currently 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.