World Investment Advisors Acquires 404 Shares of Comfort Systems USA, Inc. $FIX

World Investment Advisors increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,689 shares of the construction company’s stock after purchasing an additional 404 shares during the quarter. World Investment Advisors’ holdings in Comfort Systems USA were worth $1,576,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FIX. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $567,000. Finally, Sei Investments Co. increased its position in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIX. Glj Research initiated coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research report on Friday, April 24th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Trading Up 0.2%

Shares of NYSE:FIX opened at $1,971.17 on Friday. Comfort Systems USA, Inc. has a 52-week low of $489.98 and a 52-week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market capitalization of $69.39 billion, a P/E ratio of 56.87 and a beta of 1.65. The company has a 50-day simple moving average of $1,831.99 and a 200 day simple moving average of $1,420.84.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is presently 9.23%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction on 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 owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William George III sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This represents a 2.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,078 shares of company stock worth $46,651,175 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

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.