AE Wealth Management LLC Acquires Shares of 1,035 Comfort Systems USA, Inc. (NYSE:FIX)

AE Wealth Management LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,035 shares of the construction company’s stock, valued at approximately $334,000.

Several other institutional investors have also added to or reduced their stakes in FIX. LPL Financial LLC raised its position in Comfort Systems USA by 39.8% during the fourth quarter. LPL Financial LLC now owns 22,598 shares of the construction company’s stock valued at $9,583,000 after purchasing an additional 6,438 shares in the last quarter. JPMorgan Chase & Co. raised its position in Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after purchasing an additional 250,085 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Comfort Systems USA by 8.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock valued at $2,082,000 after purchasing an additional 370 shares in the last quarter. Schroder Investment Management Group acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $37,797,000. Finally, Clearbridge Investments LLC acquired a new position in Comfort Systems USA during the fourth quarter valued at approximately $23,413,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer owned 47,473 shares of the company’s stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director directly owned 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,300 shares of company stock worth $18,485,795. 1.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on FIX. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday. DA Davidson boosted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, UBS Group boosted their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $635.60.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $703.39 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $272.92 and a twelve month high of $709.40. The stock has a market cap of $24.82 billion, a price-to-earnings ratio of 36.15 and a beta of 1.51. The company’s fifty day moving average is $528.17 and its 200 day moving average is $441.01.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the firm posted $3.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 20.1% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is 9.25%.

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.