Brighton Jones LLC Has $2.76 Million Holdings in Comfort Systems USA, Inc. $FIX

Brighton Jones LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,342 shares of the construction company’s stock after acquiring an additional 888 shares during the quarter. Brighton Jones LLC’s holdings in Comfort Systems USA were worth $2,757,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FIX. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA in the 3rd quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA in the second quarter valued at approximately $27,000. Brooklyn Investment Group lifted its stake in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after buying an additional 31 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Comfort Systems USA by 310.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $949.42 on Tuesday. The firm has a market capitalization of $33.49 billion, a PE ratio of 40.20 and a beta of 1.64. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,036.67. The business’s 50 day moving average is $936.81 and its 200-day moving average is $757.36.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herman E. Bulls sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FIX. DA Davidson reiterated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. William Blair assumed coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One research 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 company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $1,011.75.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.