Northwestern Mutual Wealth Management Co. Acquires New Holdings in Comfort Systems USA, Inc. $FIX

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 770 shares of the construction company’s stock, valued at approximately $1,527,000.

A number of other institutional investors also recently made changes to their positions in FIX. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA during the second quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA in the fourth quarter worth approximately $33,000. Carolina Wealth Advisors LLC boosted its stake in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,754 shares of company stock worth $30,536,820 in the last three months. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,563.47 on Wednesday. Comfort Systems USA, Inc. has a one year low of $670.19 and a one year high of $2,073.99. The stock has a fifty day moving average of $1,769.68 and a 200-day moving average of $1,664.40. The company has a market capitalization of $55.02 billion, a PE ratio of 38.45 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.53 EPS. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a $0.90 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 8.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIX. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. Finally, UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $2,082.86.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.