World Investment Advisors Has $1.58 Million Holdings in Comfort Systems USA, Inc. $FIX

World Investment Advisors raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,689 shares of the construction company’s stock after acquiring an additional 404 shares during the period. World Investment Advisors’ holdings in Comfort Systems USA were worth $1,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Farmers & Merchants Investments Inc. lifted its holdings in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC grew its holdings in Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares in the last quarter. West Michigan Advisors LLC grew its holdings in Comfort Systems USA by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $717,000 after buying an additional 10 shares in the last quarter. Finally, EWA LLC increased its position in Comfort Systems USA by 2.7% during the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.2%

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

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.75 EPS. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date was Friday, May 15th. This is an increase 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 dividend payout ratio (DPR) is 9.23%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. KeyCorp upgraded shares of 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 note on Friday, April 24th. Erste Group Bank began coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. 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 analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,991.50.

Insider Buying and Selling

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the transaction, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,078 shares of company stock valued at $46,651,175 in the last ninety days. 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.