Hennessy Advisors Inc. Boosts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Hennessy Advisors Inc. lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,800 shares of the construction company’s stock after purchasing an additional 27,200 shares during the quarter. Comfort Systems USA accounts for 2.3% of Hennessy Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Hennessy Advisors Inc.’s holdings in Comfort Systems USA were worth $55,218,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FIX. Byrne Asset Management LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth $26,000. Rise Advisors LLC acquired a new stake in Comfort Systems USA in the first quarter valued at about $44,000. VisionPoint Advisory Group LLC acquired a new stake in Comfort Systems USA in the third quarter valued at about $59,000. GAMMA Investing LLC acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $61,000. Finally, Spire Wealth Management acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $61,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the transaction, the director now owns 8,198 shares of the company’s stock, valued at $2,541,380. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

NYSE:FIX traded down $10.01 during trading hours on Friday, hitting $305.92. The company’s stock had a trading volume of 322,495 shares, compared to its average volume of 365,362. The stock has a fifty day simple moving average of $321.00 and a 200-day simple moving average of $277.91. The company has a market capitalization of $10.93 billion, a P/E ratio of 30.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $352.45.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts anticipate that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Analysts Set New Price Targets

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

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.