Nations Financial Group Inc. IA ADV Has $1.64 Million Stock Position in Comfort Systems USA, Inc. $FIX

Nations Financial Group Inc. IA ADV raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 36.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,987 shares of the construction company’s stock after purchasing an additional 533 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Comfort Systems USA were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FIX. Norges Bank acquired a new position in Comfort Systems USA in the second quarter valued at approximately $256,998,000. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $114,551,000. Third Point LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $99,199,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in shares of Comfort Systems USA during the second quarter worth $87,718,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. UBS Group upped their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, DA Davidson reissued a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Trading Up 2.6%

FIX opened at $1,119.88 on Friday. The stock has a market capitalization of $39.50 billion, a P/E ratio of 47.41 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,147.03. The firm’s fifty day simple moving average is $971.52 and its 200 day simple moving average is $821.59.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Profile

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.