Verdence Capital Advisors LLC Buys 52 Shares of Comfort Systems USA, Inc. $FIX

Verdence Capital Advisors LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114 shares of the construction company’s stock after purchasing an additional 52 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Comfort Systems USA were worth $597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Comfort Systems USA by 18.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,691 shares of the construction company’s stock worth $907,000 after acquiring an additional 260 shares during the last quarter. Vest Financial LLC lifted its position in Comfort Systems USA by 18.1% in the 2nd quarter. Vest Financial LLC now owns 10,276 shares of the construction company’s stock valued at $5,510,000 after acquiring an additional 1,575 shares in the last quarter. MGO One Seven LLC lifted its position in Comfort Systems USA by 49.0% in the 2nd quarter. MGO One Seven LLC now owns 1,472 shares of the construction company’s stock valued at $789,000 after acquiring an additional 484 shares in the last quarter. CWM LLC lifted its position in Comfort Systems USA by 104.6% in the 2nd quarter. CWM LLC now owns 16,926 shares of the construction company’s stock valued at $9,076,000 after acquiring an additional 8,655 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Comfort Systems USA by 19.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,151 shares of the construction company’s stock valued at $2,226,000 after acquiring an additional 665 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares of the company’s stock, valued at $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 in the last three months. Insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FIX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a research report on Monday. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Finally, UBS Group increased their price objective 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. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $735.80.

Comfort Systems USA Trading Down 1.7%

Shares of FIX stock opened at $831.86 on Wednesday. The company has a 50 day moving average of $752.76 and a 200-day moving average of $571.34. 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 $861.77. The firm has a market cap of $29.35 billion, a P/E ratio of 42.75 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results 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 9.01% and a return on equity of 39.33%. The company had revenue of $713.90 million during the quarter. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.28%.

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.