Cetera Investment Advisers Has $2.40 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Cetera Investment Advisers raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,647 shares of the construction company’s stock after buying an additional 101 shares during the period. Cetera Investment Advisers’ holdings in Comfort Systems USA were worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $217,771,000. Norges Bank acquired a new position in shares of Comfort Systems USA during the 4th quarter worth about $196,154,000. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after purchasing an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC increased its stake in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company’s stock worth $87,239,000 after purchasing an additional 155,204 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 2.1%

Shares of FIX opened at $472.90 on Monday. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The firm has a market cap of $16.68 billion, a P/E ratio of 32.37 and a beta of 1.48. The firm’s 50-day simple moving average is $370.85 and its 200 day simple moving average is $415.29. 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 (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 EPS. Comfort Systems USA’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is 10.80%.

Wall Street Analyst Weigh In

FIX has been the topic of several recent analyst reports. DA Davidson boosted their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $517.60.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the sale, the chief financial officer now owns 47,473 shares of the company’s stock, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares of the company’s stock, valued at $2,109,156. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company’s stock.

Comfort Systems USA 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.