Fifth Third Wealth Advisors LLC Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Fifth Third Wealth Advisors LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,270 shares of the construction company’s stock after buying an additional 54 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Comfort Systems USA were worth $496,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Comfort Systems USA during the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Comfort Systems USA during the third quarter worth approximately $38,000. V Square Quantitative Management LLC lifted its position in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA during the second quarter worth approximately $41,000. Finally, Contravisory Investment Management Inc. lifted 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 worth $59,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on FIX shares. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $396.00 to $525.00 in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $466.33.

Comfort Systems USA Price Performance

FIX stock opened at $476.49 on Thursday. The business has a fifty day moving average of $404.71 and a two-hundred day moving average of $350.57. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 36.46 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $481.80.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s payout ratio is presently 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.