Sunbelt Securities Inc. Increases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Sunbelt Securities Inc. grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 22.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 429 shares of the construction company’s stock after buying an additional 79 shares during the period. Sunbelt Securities Inc.’s holdings in Comfort Systems USA were worth $167,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FIX. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC increased its holdings in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Comfort Systems USA in the third quarter worth $53,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research analyst reports. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Down 1.4 %

NYSE FIX opened at $462.33 on Friday. Comfort Systems USA, Inc. has a 52 week low of $194.30 and a 52 week high of $510.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $16.45 billion, a P/E ratio of 35.37 and a beta of 1.18. The stock’s 50-day moving average price is $443.70 and its 200-day moving average price is $369.15.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 EPS. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Comfort Systems USA Company 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.