Axxcess Wealth Management LLC Takes $206,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Axxcess Wealth Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 650 shares of the construction company’s stock, valued at approximately $206,000.

Several other large investors have also recently modified their holdings of FIX. Heritage Wealth Management LLC acquired a new stake in Comfort Systems USA in the fourth quarter worth $246,000. Norden Group LLC grew its holdings in Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock worth $16,056,000 after purchasing an additional 46,480 shares during the period. Hennessy Advisors Inc. grew its holdings in Comfort Systems USA by 18.6% in the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock worth $55,218,000 after purchasing an additional 27,200 shares during the period. BNP Paribas Financial Markets grew its holdings in Comfort Systems USA by 16.5% in the fourth quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock worth $10,251,000 after purchasing an additional 7,067 shares during the period. Finally, Harvest Investment Services LLC acquired a new stake in Comfort Systems USA in the fourth quarter worth $511,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Comfort Systems USA Stock Up 6.0 %

FIX opened at $309.76 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The company’s 50-day moving average is $316.23 and its 200 day moving average is $293.95. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $352.45. The firm has a market capitalization of $11.06 billion, a P/E ratio of 30.67 and a beta of 1.15.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.14 by $0.60. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 32.69%. Comfort Systems USA’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 12.24 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. Comfort Systems USA’s payout ratio is 11.88%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at approximately $3,832,339. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares in the company, valued at approximately $3,832,339. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction on 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 owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,961 shares of company stock worth $2,622,664. 1.80% of the stock is currently owned by insiders.

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.