Prosperity Financial Group Inc. Has $200,000 Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Prosperity Financial Group Inc. reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513 shares of the construction company’s stock after selling 215 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Comfort Systems USA were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Federated Hermes Inc. boosted its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after acquiring an additional 8,578 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA during the 3rd quarter worth $138,987,000. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares in the last quarter. Jennison Associates LLC lifted its holdings in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in Comfort Systems USA by 5.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after buying an additional 8,363 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the topic of several research reports. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating and a $525.00 price objective on the stock. Stifel Nicolaus began coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $491.06 on Monday. The firm has a fifty day moving average of $413.47 and a two-hundred day moving average of $353.62. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 37.57 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $494.50. 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 released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS 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. Investors of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,746 shares of company stock worth $14,684,140 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

About Comfort Systems USA

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.