Wealthfront Advisers LLC Purchases Shares of 299 Comfort Systems USA, Inc. $FIX

Wealthfront Advisers LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 299 shares of the construction company’s stock, valued at approximately $279,000.

Several other hedge funds also recently added to or reduced their stakes in FIX. Spire Wealth Management boosted its stake in shares of Comfort Systems USA by 658.1% during the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after acquiring an additional 4,679 shares in the last quarter. Caerus Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $767,000. Private Advisor Group LLC boosted its stake in shares of Comfort Systems USA by 50.1% during the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock worth $6,420,000 after acquiring an additional 2,598 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after acquiring an additional 7,192 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Comfort Systems USA by 3,378.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock worth $79,079,000 after acquiring an additional 82,295 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FIX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research note on Friday, April 24th. UBS Group increased their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Stock Up 4.1%

FIX opened at $1,968.68 on Wednesday. Comfort Systems USA, Inc. has a twelve month low of $422.53 and a twelve month high of $2,003.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $1,507.75 and a 200 day moving average price of $1,199.25. The company has a market cap of $69.30 billion, a PE ratio of 56.80 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA, Inc. will post 43.42 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.08%.

Insider Activity

In related news, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares in the company, valued at $24,703,260.90. This represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This trade represents a 5.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 39,288 shares of company stock worth $57,165,933. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Company Profile

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.