Deroy & Devereaux Private Investment Counsel Inc. Has $5.06 Million Position in Comfort Systems USA, Inc. $FIX

Deroy & Devereaux Private Investment Counsel Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,434 shares of the construction company’s stock after selling 235 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Comfort Systems USA were worth $5,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $107,000 after acquiring an additional 22 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Comfort Systems USA by 2.0% in 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 last quarter. 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. Finally, IFP Advisors Inc boosted its holdings in Comfort Systems USA by 8.7% in the second quarter. IFP Advisors Inc now owns 475 shares of the construction company’s stock valued at $255,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIX shares. Stifel Nicolaus increased their price target on Comfort Systems USA from $746.00 to $917.00 and gave the stock a “buy” rating in a report on Monday. UBS Group increased their price target on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, DA Davidson increased their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $735.80.

Comfort Systems USA Price Performance

Shares of FIX opened at $831.86 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $861.77. The business’s fifty day moving average is $752.76 and its 200 day moving average is $571.34. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The stock has a market cap of $29.35 billion, a P/E ratio of 42.75 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Sell-side 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 announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s payout ratio is 10.28%.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction on Friday, August 22nd. The stock was 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. This represents a 14.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William George III sold 8,436 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares of the company’s stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last three months. Corporate insiders own 1.59% of the company’s stock.

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.