Wealth Enhancement Advisory Services LLC Takes $1.02 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,624 shares of the construction company's stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Texas Permanent School Fund Corp raised its stake in shares of Comfort Systems USA by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,166 shares of the construction company's stock worth $9,902,000 after buying an additional 313 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Comfort Systems USA during the 1st quarter worth $409,000. SG Americas Securities LLC increased its position in Comfort Systems USA by 61.2% during the 1st quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company's stock worth $548,000 after purchasing an additional 655 shares in the last quarter. Lisanti Capital Growth LLC increased its position in Comfort Systems USA by 0.5% during the 1st quarter. Lisanti Capital Growth LLC now owns 24,235 shares of the construction company's stock worth $7,700,000 after purchasing an additional 130 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its position in Comfort Systems USA by 7.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 73,866 shares of the construction company's stock worth $23,468,000 after purchasing an additional 5,196 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 6.4 %

Comfort Systems USA stock traded up $26.29 during midday trading on Wednesday, hitting $437.28. 424,424 shares of the company were exchanged, compared to its average volume of 385,275. The company's fifty day moving average price is $379.32 and its 200-day moving average price is $340.30. The company has a market cap of $15.56 billion, a PE ratio of 31.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week high of $439.17.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 9.18%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares of the company's stock, valued at $72,239,007.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO William George III sold 5,845 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 55,099 shares of the company's stock, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,091 shares of company stock valued at $13,812,015 in the last three months. Corporate insiders own 1.80% of the company's stock.

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.