HighTower Advisors LLC Has $12.46 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

HighTower Advisors LLC trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,284 shares of the construction company’s stock after selling 1,271 shares during the quarter. HighTower Advisors LLC’s holdings in Comfort Systems USA were worth $12,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FIX. California State Teachers Retirement System grew its holdings in shares of Comfort Systems USA by 189,725.5% during the 2nd quarter. California State Teachers Retirement System now owns 103,029,689 shares of the construction company’s stock worth $204,199,692,000 after purchasing an additional 102,975,413 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $6,734,037,000. State Street Corp increased its holdings in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after buying an additional 375,118 shares in the last quarter. Geode Capital Management LLC raised its position in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, CFO William George, III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 2.0%

Shares of FIX stock opened at $1,616.31 on Thursday. The stock’s fifty day simple moving average is $1,690.07 and its 200 day simple moving average is $1,686.99. Comfort Systems USA, Inc. has a twelve month low of $721.87 and a twelve month high of $2,073.99. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.53 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.85%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FIX shares. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. DA Davidson initiated coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective for the company. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. KeyCorp increased their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.