True Wealth Design LLC Makes New $53,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

True Wealth Design LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 137 shares of the construction company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the third quarter worth about $38,000. V Square Quantitative Management LLC raised its position in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the period. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA in the second quarter valued at about $41,000. Finally, Contravisory Investment Management Inc. boosted its stake in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after acquiring an additional 85 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, November 22nd. The stock was 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 in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, 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. Over the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their target price 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. Finally, Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $481.00.

Comfort Systems USA Trading Up 1.4 %

NYSE:FIX opened at $493.27 on Friday. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79. The stock’s fifty day moving average price is $426.20 and its two-hundred day moving average price is $358.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $17.56 billion, a P/E ratio of 37.74 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $2.74 EPS. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.35 dividend. 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 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is 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.