Nisa Investment Advisors LLC Acquires 191 Shares of Comfort Systems USA, Inc. $FIX

Nisa Investment Advisors LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,989 shares of the construction company’s stock after acquiring an additional 191 shares during the period. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $8,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA during the 2nd quarter worth about $27,000. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after buying an additional 83 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a research report on Friday. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group increased their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $819.20.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider owned 188,046 shares in the company, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer owned 21,639 shares in the company, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $978.28 on Tuesday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,007.67. The company’s 50 day moving average is $782.47 and its 200 day moving average is $606.73. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $34.50 billion, a PE ratio of 41.42 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million for the quarter. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a $0.60 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.47%.

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.