PFG Advisors Has $803,000 Stake in Comfort Systems USA, Inc. $FIX

PFG Advisors increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 124.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the construction company’s stock after purchasing an additional 830 shares during the quarter. PFG Advisors’ holdings in Comfort Systems USA were worth $803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after buying an additional 22 shares in the last quarter. Optimum Investment Advisors raised its position in shares of Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after acquiring an additional 25 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after acquiring an additional 31 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Comfort Systems USA by 2.0% during the second quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after acquiring an additional 34 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $972.93 on Tuesday. The firm’s 50 day simple moving average is $837.02 and its 200 day simple moving average is $652.42. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a market capitalization of $34.32 billion, a price-to-earnings ratio of 41.19 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a $0.60 dividend. The ex-dividend date is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This represents a 38.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,078 shares of company stock worth $15,242,037 in the last three months. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

FIX has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a research note on Friday, October 24th. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and an average target price of $819.20.

Comfort Systems USA 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.