True Wealth Design LLC Purchases Shares of 137 Comfort Systems USA, Inc. (NYSE:FIX)

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

Other large investors also recently modified their holdings of the company. Covestor Ltd grew its position in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after acquiring an additional 31 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after purchasing an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Comfort Systems USA by 1.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after purchasing an additional 34 shares during the last quarter. CIBC Asset Management Inc raised its position in Comfort Systems USA by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after purchasing an additional 35 shares during the period. Finally, Mount Lucas Management LP lifted its stake in Comfort Systems USA by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after purchasing an additional 40 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. 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 note on Tuesday, November 19th. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus began coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Comfort Systems USA Stock 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 has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13. 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 business’s 50-day moving average is $426.20 and its 200 day moving average is $358.89.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 10.71%.

About Comfort Systems USA

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.