Catalyst Capital Advisors LLC Has $456,000 Stake in Comfort Systems USA, Inc. $FIX

Catalyst Capital Advisors LLC trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 850 shares of the construction company’s stock after selling 70 shares during the period. Catalyst Capital Advisors LLC’s holdings in Comfort Systems USA were worth $456,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock worth $824,000 after buying an additional 296 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth approximately $27,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock worth $2,377,000 after buying an additional 3,644 shares during the last quarter. Spire Wealth Management raised its stake in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock worth $324,000 after buying an additional 90 shares during the last quarter. Finally, Lifestyle Asset Management Inc. raised its stake in shares of Comfort Systems USA by 314.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock worth $2,078,000 after buying an additional 2,940 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares in the company, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer 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. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FIX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday. UBS Group upped their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Stifel Nicolaus set a $1,069.00 target price on shares of Comfort Systems USA in a research note on Friday. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $766.20.

Comfort Systems USA Stock Up 18.9%

Shares of FIX stock opened at $981.15 on Friday. The firm has a fifty day moving average of $776.79 and a 200-day moving average of $598.70. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,002.64. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 46.08%. The company had revenue of $713.90 million during the quarter. As a group, equities research analysts predict 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 will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 10.28%.

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.