Comfort Systems USA, Inc. $FIX Shares Acquired by True Wealth Design LLC

True Wealth Design LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 41.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385 shares of the construction company’s stock after buying an additional 112 shares during the period. True Wealth Design LLC’s holdings in Comfort Systems USA were worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the second quarter valued at $27,000. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Brooklyn Investment Group increased its position in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. Finally, Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. The trade was a 6.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director owned 4,000 shares in the company, valued at approximately $4,021,640. This represents a 38.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,447 shares of company stock worth $16,206,497. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $954.47 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $831.64 and a 200-day simple moving average of $644.06. The company has a market cap of $33.67 billion, a price-to-earnings ratio of 40.41 and a beta of 1.55. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last posted 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 firm had revenue of $713.90 million for the quarter. On average, equities 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 will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is a boost 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 dividend payout ratio is 10.16%.

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.