Hennion & Walsh Asset Management Inc. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,287 shares of the construction company’s stock, valued at approximately $546,000.
Several other institutional investors have also recently added to or reduced their stakes in FIX. Argent Capital Management LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth about $1,719,000. Contravisory Investment Management Inc. boosted its position in shares of Comfort Systems USA by 89.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the construction company’s stock worth $122,000 after acquiring an additional 136 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $220,000. Redhawk Wealth Advisors Inc. increased its position in Comfort Systems USA by 0.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,056 shares of the construction company’s stock worth $2,144,000 after purchasing an additional 37 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth approximately $207,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $493.50.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA 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 in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares in the company, valued at $3,699,880.56. This represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by corporate insiders.
Comfort Systems USA Stock Performance
NYSE:FIX opened at $504.62 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 38.61 and a beta of 1.23. The firm’s fifty day simple moving average is $463.34 and its 200 day simple moving average is $394.53. Comfort Systems USA, Inc. has a twelve month low of $200.15 and a twelve month high of $510.79.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.74 EPS. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. Comfort Systems USA’s payout ratio is presently 10.71%.
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.
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