Sunbelt Securities Inc. Purchases 79 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Sunbelt Securities Inc. grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 22.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 429 shares of the construction company’s stock after acquiring an additional 79 shares during the quarter. Sunbelt Securities Inc.’s holdings in Comfort Systems USA were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $38,000. V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 59.5% during the 3rd 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 in the last quarter. True Wealth Design LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. grew its position in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $462.33 on Friday. The stock has a 50 day moving average price of $443.70 and a 200 day moving average price of $369.15. Comfort Systems USA, Inc. has a 52-week low of $194.30 and a 52-week high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $16.45 billion, a P/E ratio of 35.37 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $2.74 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.30%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s payout ratio is 10.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FIX shares. UBS Group upped their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued 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 stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

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.