Envestnet Asset Management Inc. Acquires 7,022 Shares of Comfort Systems USA, Inc. $FIX

Envestnet Asset Management Inc. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,065 shares of the construction company’s stock after acquiring an additional 7,022 shares during the quarter. Envestnet Asset Management Inc. owned 0.23% of Comfort Systems USA worth $43,468,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FIX. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the 2nd quarter worth $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the first quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after buying an additional 37 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Comfort Systems USA during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.2%

NYSE FIX opened at $965.68 on Friday. The firm has a market capitalization of $34.06 billion, a PE ratio of 40.88 and a beta of 1.58. The stock’s 50 day moving average is $805.89 and its 200 day moving average is $624.38. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million for the quarter. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is presently 8.47%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of analyst reports. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $819.20.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 31,883 shares of company stock worth $25,131,791. Company insiders own 1.59% of the company’s stock.

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.