Wealth Enhancement Advisory Services LLC Raises Position in Comfort Systems USA, Inc. $FIX

Wealth Enhancement Advisory Services LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,706 shares of the construction company’s stock after acquiring an additional 3,429 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Comfort Systems USA were worth $19,370,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIX. Invesco Ltd. lifted its position in 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 purchasing an additional 73,727 shares during the period. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 6.8% in the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after purchasing an additional 53,125 shares in the last quarter. JPMorgan Chase & Co. increased its position in Comfort Systems USA by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after purchasing an additional 197,613 shares during the period. First Trust Advisors LP raised its stake in shares of Comfort Systems USA by 29.8% during the 3rd quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock worth $423,529,000 after buying an additional 117,892 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $256,998,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares of the company’s stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the sale, the director owned 18,035 shares in the company, valued at $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 37,288 shares of company stock valued at $53,677,038. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FIX shares. DA Davidson lifted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. UBS Group reiterated a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research note on Monday, February 23rd. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,467.39 on Thursday. The firm has a market capitalization of $51.62 billion, a price-to-earnings ratio of 50.77 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. The business’s 50 day simple moving average is $1,305.32 and its 200-day simple moving average is $1,046.70. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period last year, the business posted $4.09 EPS. As a group, equities analysts forecast 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 was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.