Diversify Advisory Services LLC Has $469,000 Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Advisory Services LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,066 shares of the construction company’s stock after selling 205 shares during the quarter. Diversify Advisory Services LLC’s holdings in Comfort Systems USA were worth $469,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the third quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC grew its stake 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 valued at $49,000 after buying an additional 47 shares in the last quarter. True Wealth Design LLC acquired a new position in Comfort Systems USA in the third quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. raised its position in 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 acquiring an additional 85 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus initiated coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $493.50.

Comfort Systems USA Trading Up 5.0 %

Shares of Comfort Systems USA stock opened at $528.89 on Wednesday. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 40.47 and a beta of 1.23. Comfort Systems USA, Inc. has a 1 year low of $200.15 and a 1 year high of $529.24. The company’s fifty day simple moving average is $463.34 and its 200-day simple moving average is $394.53. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS 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. 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 yield of 0.26%. Comfort Systems USA’s payout ratio is presently 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares in the company, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

About Comfort Systems USA

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.