CreativeOne Wealth LLC Purchases Shares of 3,331 Comfort Systems USA, Inc. (NYSE:FIX)

CreativeOne Wealth LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,331 shares of the construction company's stock, valued at approximately $1,300,000.

Several other hedge funds have also recently modified their holdings of FIX. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA in the third quarter valued at $138,987,000. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after acquiring an additional 283,416 shares during the period. Jennison Associates LLC lifted its holdings in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after acquiring an additional 173,709 shares during the period. Natixis Advisors LLC lifted its holdings in Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after acquiring an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Comfort Systems USA in the second quarter valued at $29,743,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Shares of FIX stock traded up $6.62 during mid-day trading on Friday, reaching $493.27. The stock had a trading volume of 167,318 shares, compared to its average volume of 382,559. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $510.79. The company has a market cap of $17.56 billion, a P/E ratio of 37.74 and a beta of 1.13. The business has a 50-day simple moving average of $426.20 and a 200 day simple moving average of $358.72. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm's quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 EPS. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

A number of research firms have commented on FIX. UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and raised their target price for the company from $396.00 to $525.00 in a report on Tuesday, November 19th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target for the company. Stifel Nicolaus began coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 price target for the company. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $481.00.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company's stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Profile

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.