Sequoia Financial Advisors LLC Has $2.91 Million Stake in Comfort Systems USA, Inc. $FIX

Sequoia Financial Advisors LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,117 shares of the construction company’s stock after acquiring an additional 993 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Comfort Systems USA were worth $2,909,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. Invesco Ltd. boosted its stake 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 worth $878,454,000 after purchasing an additional 73,727 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after purchasing an additional 53,125 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 36.8% during the third 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 last quarter. Finally, First Trust Advisors LP increased its stake in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after buying an additional 117,892 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 0.4%

Shares of FIX opened at $1,950.66 on Friday. The stock’s fifty day simple moving average is $1,529.16 and its 200-day simple moving average is $1,215.34. The firm has a market capitalization of $68.66 billion, a PE ratio of 56.28 and a beta of 1.70. Comfort Systems USA, Inc. has a 12-month low of $430.79 and a 12-month high of $2,018.05. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company earned $4.75 earnings per share. The company’s revenue was up 56.5% on a year-over-year basis. As a group, research analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the sale, the director owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,901 shares of company stock valued at $87,618,330 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. KeyCorp upgraded 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 report on Friday, April 24th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

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.