Secure Asset Management LLC Buys 584 Shares of Comfort Systems USA, Inc. $FIX

Secure Asset Management LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 21.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,249 shares of the construction company’s stock after buying an additional 584 shares during the quarter. Secure Asset Management LLC’s holdings in Comfort Systems USA were worth $5,374,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FIX. BlackRock Inc. bought a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $6,734,037,000. Deutsche Bank AG purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at approximately $443,751,000. Legal & General Group Plc purchased a new position in shares of Comfort Systems USA in the second quarter worth $400,096,000. Bank of New York Mellon Corp purchased a new stake in shares of Comfort Systems USA during the second quarter valued at $370,479,000. Finally, Amundi grew its holdings in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after buying an additional 156,069 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA and gave the stock a “buy” rating in a research report on Monday, July 27th. DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,085.00.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,464.80 on Tuesday. The business’s 50-day moving average is $1,638.79 and its two-hundred day moving average is $1,732.69. The company has a market capitalization of $51.55 billion, a P/E ratio of 35.39 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The company’s revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the business posted $6.53 EPS. Research analysts predict that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George, III sold 2,554 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.