Mayflower Financial Advisors LLC Acquires New Holdings in Comfort Systems USA, Inc. $FIX

Mayflower Financial Advisors LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, HoldingsChannel reports. The firm acquired 434 shares of the construction company’s stock, valued at approximately $233,000.

Several other large investors have also bought and sold shares of the company. Petra Financial Advisors Inc. bought a new position in Comfort Systems USA during the second quarter valued at about $560,000. SYM FINANCIAL Corp boosted its stake in Comfort Systems USA by 29.8% during the second quarter. SYM FINANCIAL Corp now owns 858 shares of the construction company’s stock valued at $460,000 after buying an additional 197 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in Comfort Systems USA during the second quarter valued at about $284,000. Bessemer Group Inc. boosted its stake in Comfort Systems USA by 6.9% during the second quarter. Bessemer Group Inc. now owns 31,160 shares of the construction company’s stock valued at $16,709,000 after buying an additional 2,017 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Comfort Systems USA by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 81,065 shares of the construction company’s stock valued at $43,468,000 after buying an additional 7,022 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a research report on Friday, October 24th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research report on Friday, October 24th. UBS Group increased their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Trading Down 4.7%

NYSE:FIX opened at $963.36 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The firm has a market capitalization of $33.98 billion, a price-to-earnings ratio of 40.79 and a beta of 1.58. The stock has a fifty day simple moving average of $800.36 and a 200 day simple moving average of $618.26.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million during the quarter. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a 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 (DPR) is currently 8.47%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value 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 approximately $11,288,203.50. This represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,883 shares of company stock worth $18,071,151. 1.59% of the stock is currently owned by company insiders.

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.