Apollon Wealth Management LLC Invests $655,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Apollon Wealth Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,679 shares of the construction company's stock, valued at approximately $655,000.

Other institutional investors have also recently modified their holdings of the company. Capital World Investors boosted its position in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock worth $684,254,000 after purchasing an additional 451,852 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock worth $126,461,000 after buying an additional 8,578 shares during the period. Millennium Management LLC lifted its position in shares of Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after buying an additional 283,416 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Comfort Systems USA by 5.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock valued at $46,440,000 after acquiring an additional 8,363 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Comfort Systems USA by 88.0% in the 2nd quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company's stock worth $43,349,000 after acquiring an additional 66,703 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FIX. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday. They issued a "buy" rating and a $524.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $376.00.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $5.61 during trading hours on Friday, reaching $445.02. 284,473 shares of the company's stock were exchanged, compared to its average volume of 393,907. The business has a fifty day moving average of $398.73 and a two-hundred day moving average of $348.11. The company has a market capitalization of $15.84 billion, a P/E ratio of 34.05 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $474.62.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA's revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, research analysts predict that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.71%.

Insider Buying and Selling

In other news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,591 shares of company stock worth $16,625,615. 1.80% of the stock is owned by corporate insiders.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.