AdvisorShares Investments LLC Boosts Stock Holdings in Comfort Systems USA, Inc. $FIX

AdvisorShares Investments LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2,466.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,083 shares of the construction company’s stock after buying an additional 7,768 shares during the quarter. Comfort Systems USA accounts for approximately 1.3% of AdvisorShares Investments LLC’s portfolio, making the stock its 15th largest holding. AdvisorShares Investments LLC’s holdings in Comfort Systems USA were worth $7,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethic Inc. boosted its holdings in shares of Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after buying an additional 748 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after buying an additional 7,192 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $767,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Comfort Systems USA by 3,378.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock worth $79,079,000 after buying an additional 82,295 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FIX shares. DA Davidson boosted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a report on Friday, April 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. UBS Group upped their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday. They set an “outperform” rating and a $2,200.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Trading Down 1.5%

Shares of Comfort Systems USA stock opened at $1,827.41 on Friday. Comfort Systems USA, Inc. has a 12-month low of $465.05 and a 12-month high of $2,073.99. The company has a market cap of $64.32 billion, a price-to-earnings ratio of 52.72 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $1,692.34 and its 200-day moving average price is $1,322.38.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $4.75 earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 4,500 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,694 shares of company stock valued at $54,374,425. Company insiders own 1.24% of the company’s stock.

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.