Segment Wealth Management LLC Makes New $1.28 Million Investment in Comfort Systems USA, Inc. $FIX

Segment Wealth Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,546 shares of the construction company’s stock, valued at approximately $1,276,000.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after purchasing an additional 832,999 shares during the period. Norges Bank bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at about $256,998,000. AQR Capital Management LLC increased its stake in shares of Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after buying an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after buying an additional 239,692 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in shares of Comfort Systems USA during the second quarter worth about $114,551,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $949.57 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,036.67. The company has a fifty day moving average of $949.26 and a 200-day moving average of $773.50. The firm has a market capitalization of $33.49 billion, a P/E ratio of 40.20 and a beta of 1.64.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid 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 of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 4,370 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,028 shares of company stock worth $25,381,151 in the last quarter. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FIX. William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus lifted their target price on shares of 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. Finally, DA Davidson restated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

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.