Mayflower Financial Advisors LLC Buys Shares of 434 Comfort Systems USA, Inc. $FIX

Mayflower Financial Advisors LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 434 shares of the construction company’s stock, valued at approximately $233,000.

A number of other institutional investors also recently made changes to their positions in the business. Petra Financial Advisors Inc. bought a new stake in Comfort Systems USA in the second quarter valued at about $560,000. SYM FINANCIAL Corp increased its holdings in Comfort Systems USA by 29.8% in the second quarter. SYM FINANCIAL Corp now owns 858 shares of the construction company’s stock valued at $460,000 after buying an additional 197 shares during the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $284,000. Bessemer Group Inc. increased its holdings in shares of Comfort Systems USA by 6.9% in the 2nd quarter. Bessemer Group Inc. now owns 31,160 shares of the construction company’s stock valued at $16,709,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Comfort Systems USA by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 81,065 shares of the construction company’s stock valued at $43,468,000 after acquiring an additional 7,022 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,883 shares of company stock valued at $18,071,151. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $963.36 on Friday. The company has a market cap of $33.98 billion, a P/E ratio of 40.79 and a beta of 1.58. The stock has a fifty day moving average price of $800.36 and a 200 day moving average price of $618.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share 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. Stockholders of record on Thursday, November 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.47%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a report on Friday, October 24th. DA Davidson set a $810.00 price target on Comfort Systems USA in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair assumed coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $819.20.

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.