Precision Wealth Strategies LLC Purchases 133 Shares of Comfort Systems USA, Inc. $FIX

Precision Wealth Strategies LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 11.9% in the second quarter, HoldingsChannel.com reports. The fund owned 1,250 shares of the construction company’s stock after buying an additional 133 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Comfort Systems USA were worth $670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Comfort Systems USA by 42.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,731 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 1,107 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after buying an additional 72 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Comfort Systems USA by 14.2% in the first quarter. Parallel Advisors LLC now owns 450 shares of the construction company’s stock valued at $145,000 after buying an additional 56 shares during the last quarter. Merit Financial Group LLC lifted its position in Comfort Systems USA by 144.9% during the 1st quarter. Merit Financial Group LLC now owns 2,642 shares of the construction company’s stock worth $852,000 after buying an additional 1,563 shares in the last quarter. Finally, RFG Advisory LLC grew its holdings in Comfort Systems USA by 14.6% during the 1st quarter. RFG Advisory LLC now owns 7,707 shares of the construction company’s stock worth $2,484,000 after acquiring an additional 982 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $834.93 on Thursday. The firm’s 50 day moving average price is $725.96 and its two-hundred day moving average price is $540.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $843.80. The stock has a market cap of $29.46 billion, a PE ratio of 42.90 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company posted $3.74 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.28%.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,078 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,369 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company’s stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, UBS Group boosted their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $668.60.

About Comfort Systems USA

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.