NewEdge Advisors LLC Has $12.84 Million Holdings in Comfort Systems USA, Inc. $FIX

NewEdge Advisors LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 30.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,476 shares of the construction company’s stock after acquiring an additional 1,512 shares during the period. NewEdge Advisors LLC’s holdings in Comfort Systems USA were worth $12,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in shares of Comfort Systems USA during the second quarter worth about $26,000. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $28,000. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Field & Main Bank acquired a new stake in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $33,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Up 6.1%

NYSE:FIX opened at $1,688.20 on Friday. Comfort Systems USA, Inc. has a twelve month low of $751.85 and a twelve month high of $2,073.99. The firm has a market capitalization of $59.41 billion, a price-to-earnings ratio of 41.52 and a beta of 1.67. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $1,686.01 and its two-hundred day moving average price is $1,687.89.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $6.53 EPS. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s payout ratio is 8.85%.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. UBS Group set a $2,100.00 target price on Comfort Systems USA in a report on Thursday, August 20th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.