Westover Capital Advisors LLC Takes $265,000 Position in Comfort Systems USA, Inc. $FIX

Westover Capital Advisors LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, Holdings Channel.com reports. The institutional investor bought 494 shares of the construction company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares in the last quarter. AQR Capital Management LLC increased its stake in 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 valued at $165,228,000 after purchasing an additional 273,453 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after buying an additional 239,692 shares during the last quarter. Nuveen LLC bought a new position in shares of Comfort Systems USA in the first quarter valued at $74,634,000. Finally, Symphony Financial Ltd. Co. acquired a new position in shares of Comfort Systems USA during the second quarter valued at about $87,718,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $919.57 on Tuesday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The company’s 50 day moving average price is $859.17 and its two-hundred day moving average price is $671.06. The stock has a market cap of $32.44 billion, a P/E ratio of 38.93 and a beta of 1.55. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company 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%. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is 10.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson set a $810.00 target price on shares of Comfort Systems USA in a research report on Friday, October 24th. UBS Group boosted their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Finally, Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $819.20.

Insider Activity at Comfort Systems USA

In related news, Director William J. Sandbrook sold 800 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares of the company’s stock, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,078 shares of company stock worth $15,242,037. 1.59% of the stock is owned by company 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.