Comfort Systems USA, Inc. $FIX Shares Bought by True Wealth Design LLC

True Wealth Design LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 41.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385 shares of the construction company’s stock after buying an additional 112 shares during the period. True Wealth Design LLC’s holdings in Comfort Systems USA were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FIX. Jones Financial Companies Lllp grew its position in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the period. AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Comfort Systems USA by 299.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares during the period. Nuveen LLC acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $74,634,000. Finally, Millennium Management LLC raised its holdings in Comfort Systems USA by 91.0% in the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock valued at $102,453,000 after buying an additional 151,447 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. UBS Group boosted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. 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’s stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Stock Down 0.3%

Comfort Systems USA stock opened at $954.47 on Friday. The firm has a market capitalization of $33.67 billion, a P/E ratio of 40.41 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The stock’s fifty day simple moving average is $831.64 and its 200-day simple moving average is $644.06.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.60 per share. 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 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the sale, the director directly owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,447 shares of company stock worth $16,206,497 over the last ninety days. 1.59% of the stock is currently owned by insiders.

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.