Diversify Wealth Management LLC Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Wealth Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 63.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,081 shares of the construction company’s stock after buying an additional 1,578 shares during the quarter. Diversify Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA during the third quarter valued at $138,987,000. Millennium Management LLC boosted its stake in shares of Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of 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 worth $68,924,000 after acquiring an additional 173,709 shares in the last quarter. 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 acquiring an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $29,743,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 0.1 %

Shares of FIX opened at $504.62 on Tuesday. The stock has a 50 day moving average price of $463.34 and a 200 day moving average price of $394.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 38.61 and a beta of 1.23. Comfort Systems USA, Inc. has a one year low of $200.15 and a one year high of $510.79.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 earnings per share. Equities 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 firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. 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 (DPR) is 10.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. Stifel Nicolaus initiated coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. UBS Group upped their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $493.50.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 in the last ninety days. 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.