Creative Planning Has $9.34 Million Holdings in Comfort Systems USA, Inc. $FIX

Creative Planning raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 15.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,422 shares of the construction company’s stock after purchasing an additional 2,365 shares during the period. Creative Planning’s holdings in Comfort Systems USA were worth $9,342,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FIX. Kingsview Wealth Management LLC lifted its holdings in Comfort Systems USA by 76.1% in the first quarter. Kingsview Wealth Management LLC now owns 1,111 shares of the construction company’s stock valued at $358,000 after buying an additional 480 shares during the period. Private Advisor Group LLC raised its position in shares of Comfort Systems USA by 47.3% in the 1st quarter. Private Advisor Group LLC now owns 866 shares of the construction company’s stock worth $279,000 after acquiring an additional 278 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Comfort Systems USA by 157.1% in the 1st quarter. IFP Advisors Inc now owns 437 shares of the construction company’s stock valued at $141,000 after purchasing an additional 267 shares during the period. Gallacher Capital Management LLC boosted its position in shares of Comfort Systems USA by 33.1% during the 1st quarter. Gallacher Capital Management LLC now owns 1,138 shares of the construction company’s stock valued at $367,000 after purchasing an additional 283 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Comfort Systems USA by 73.9% during the first quarter. Allianz Asset Management GmbH now owns 91,665 shares of the construction company’s stock worth $29,546,000 after purchasing an additional 38,940 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIX has been the topic of several recent analyst reports. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. UBS Group increased their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. William Blair assumed coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Trading Up 0.0%

Shares of Comfort Systems USA stock opened at $919.94 on Wednesday. The stock has a market capitalization of $32.45 billion, a PE ratio of 38.95 and a beta of 1.55. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The stock has a 50 day moving average price of $863.37 and a two-hundred day moving average price of $674.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million for the quarter. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the sale, the director owned 4,000 shares in the company, valued at $4,021,640. This represents a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares in the company, valued at approximately $30,990,417.88. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.