Brown Advisory Inc. Grows Holdings in Comfort Systems USA, Inc. $FIX

Brown Advisory Inc. increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2,271.3% in the second quarter, Holdings Channel reports. The firm owned 16,528 shares of the construction company’s stock after buying an additional 15,831 shares during the quarter. Brown Advisory Inc.’s holdings in Comfort Systems USA were worth $8,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FIX. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $27,000. Lifestyle Asset Management Inc. lifted its stake in shares of Comfort Systems USA by 314.1% in the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock valued at $2,078,000 after purchasing an additional 2,940 shares during the period. OMNI 360 Wealth Inc. purchased a new stake in Comfort Systems USA during the second quarter worth about $298,000. Redhawk Wealth Advisors Inc. grew its position in Comfort Systems USA by 19.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock worth $2,690,000 after buying an additional 809 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Comfort Systems USA by 40.4% during the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock worth $3,449,000 after buying an additional 1,850 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comfort Systems USA

In other news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the transaction, the director directly owned 30,574 shares in the company, valued at $30,990,417.88. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,528 shares of company stock worth $26,463,984 over the last three months. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIX shares. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group raised their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $892.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,001.05 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a market capitalization of $35.31 billion, a price-to-earnings ratio of 42.38 and a beta of 1.64. The stock has a fifty day moving average of $906.76 and a two-hundred day moving average of $720.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is 10.16%.

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.