Kestra Investment Management LLC Invests $1.06 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Kestra Investment Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,717 shares of the construction company's stock, valued at approximately $1,061,000.

Other large investors also recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company's stock worth $182,000 after buying an additional 31 shares during the period. Signaturefd LLC raised its stake in shares of Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company's stock worth $147,000 after buying an additional 32 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Comfort Systems USA by 1.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company's stock worth $746,000 after buying an additional 34 shares during the period. CIBC Asset Management Inc raised its stake in shares of Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company's stock worth $407,000 after buying an additional 35 shares during the period. Finally, Mount Lucas Management LP raised its stake in shares of Comfort Systems USA by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company's stock worth $673,000 after buying an additional 40 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a "buy" rating and a $524.00 target price for the company. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Finally, UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and increased their price objective for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $481.00.

Comfort Systems USA Price Performance

NYSE FIX traded down $1.65 during mid-day trading on Monday, hitting $491.62. The stock had a trading volume of 93,482 shares, compared to its average volume of 381,296. The firm's 50 day moving average is $426.20 and its 200 day moving average is $359.03. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 37.73 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results 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 return on equity of 32.74% and a net margin of 7.18%. The firm's quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 in the last three months. 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.