Comfort Systems USA, Inc. $FIX Shares Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 80.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,029 shares of the construction company’s stock after acquiring an additional 1,355 shares during the period. Comfort Systems USA makes up approximately 0.7% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 21st biggest position. Thompson Davis & CO. Inc.’s holdings in Comfort Systems USA were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. acquired a new stake in shares of Comfort Systems USA in the second quarter valued at $249,000. Police & Firemen s Retirement System of New Jersey lifted its stake in Comfort Systems USA by 4.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,234 shares of the construction company’s stock valued at $7,096,000 after purchasing an additional 531 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after buying an additional 3,032 shares in the last quarter. Maple Capital Management Inc. bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth $293,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Comfort Systems USA by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,644 shares of the construction company’s stock valued at $3,026,000 after purchasing an additional 112 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIX. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson set a $810.00 target price on Comfort Systems USA in a research note on Friday, October 24th. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a report on Friday, October 24th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. One 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $819.20.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 16,078 shares of company stock worth $15,242,037. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 1.1%

Comfort Systems USA stock opened at $965.00 on Thursday. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,020.26. The company’s fifty day moving average price is $847.59 and its two-hundred day moving average price is $658.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 41.11 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS 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 for the quarter. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced 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. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, November 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) 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.