Brendel Financial Advisors LLC Makes New $207,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Brendel Financial Advisors LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 488 shares of the construction company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after buying an additional 28 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Comfort Systems USA by 11.2% in the fourth quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company’s stock worth $1,334,000 after buying an additional 316 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth $621,000. Harbor Capital Advisors Inc. increased its stake in shares of Comfort Systems USA by 0.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 22,448 shares of the construction company’s stock worth $9,519,000 after acquiring an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Comfort Systems USA by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company’s stock worth $1,042,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Comfort Systems USA Stock Up 6.3 %

FIX stock opened at $466.72 on Wednesday. The firm has a market cap of $16.61 billion, a PE ratio of 35.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm’s fifty day moving average is $459.38 and its 200 day moving average is $388.93. Comfort Systems USA, Inc. has a one year low of $198.30 and a one year high of $510.79.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company 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 firm’s revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the business earned $2.74 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.30%. The ex-dividend date was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) 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.