AdvisorNet Financial Inc Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

AdvisorNet Financial Inc reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 342 shares of the construction company’s stock after selling 139 shares during the quarter. AdvisorNet Financial Inc’s holdings in Comfort Systems USA were worth $145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Commonwealth Equity Services LLC grew its position in shares of Comfort Systems USA by 44.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,063 shares of the construction company’s stock valued at $627,000 after purchasing an additional 632 shares in the last quarter. American Century Companies Inc. boosted its stake in Comfort Systems USA by 91.1% during the second quarter. American Century Companies Inc. now owns 56,124 shares of the construction company’s stock valued at $17,068,000 after buying an additional 26,752 shares during the period. Renaissance Technologies LLC grew its position in Comfort Systems USA by 53.6% during the second quarter. Renaissance Technologies LLC now owns 33,800 shares of the construction company’s stock worth $10,279,000 after buying an additional 11,800 shares in the last quarter. Edgestream Partners L.P. increased its stake in Comfort Systems USA by 8.8% in the 2nd quarter. Edgestream Partners L.P. now owns 5,700 shares of the construction company’s stock worth $1,733,000 after acquiring an additional 462 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Comfort Systems USA by 197.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 1,933 shares of the construction company’s stock valued at $588,000 after acquiring an additional 1,283 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Finally, Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Trading Down 0.1 %

FIX stock opened at $504.62 on Friday. The company has a market capitalization of $17.96 billion, a PE ratio of 38.61 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. Comfort Systems USA, Inc. has a one year low of $200.15 and a one year high of $510.79. The company’s 50 day moving average price is $462.59 and its two-hundred day moving average price is $391.92.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. As a group, analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity

In related news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% 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.