Icon Wealth Advisors LLC Acquires Shares of 2,599 Comfort Systems USA, Inc. (NYSE:FIX)

Icon Wealth Advisors LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,599 shares of the construction company’s stock, valued at approximately $1,015,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA during the third quarter valued at $38,000. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the second quarter worth $41,000. V Square Quantitative Management LLC raised its stake in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. lifted its position in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after buying an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the company’s 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 completion of the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,746 shares of company stock worth $14,684,140 over the last ninety days. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $396.00 to $525.00 in a report on Tuesday. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $525.00 target price for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Finally, Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Comfort Systems USA Stock Performance

NYSE FIX opened at $491.21 on Friday. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $494.50. The company has a fifty day moving average of $410.60 and a 200-day moving average of $352.42. The company has a market capitalization of $17.48 billion, a P/E ratio of 37.58 and a beta of 1.13. 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 issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 earnings per share. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.29%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

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.