World Investment Advisors LLC Invests $1.14 Million in Comfort Systems USA, Inc. (NYSE:FIX)

World Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,912 shares of the construction company's stock, valued at approximately $1,137,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd raised its holdings 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 in the last quarter. Signaturefd LLC raised its stake in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company's stock worth $147,000 after acquiring an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company's stock worth $746,000 after acquiring an additional 34 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Comfort Systems USA by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company's stock valued at $407,000 after purchasing an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of Comfort Systems USA by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company's stock valued at $673,000 after purchasing an additional 40 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FIX shares. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 target price for the company. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $493.50.

Comfort Systems USA Trading Up 0.1 %

Shares of FIX stock traded up $0.65 during trading hours on Monday, reaching $462.98. The company's stock had a trading volume of 339,117 shares, compared to its average volume of 377,771. The firm's fifty day simple moving average is $443.70 and its 200 day simple moving average is $369.58. Comfort Systems USA, Inc. has a one year low of $194.30 and a one year high of $510.79. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $16.48 billion, a P/E ratio of 35.37 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 earnings per share. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In related 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 transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company's stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by insiders.

Comfort Systems USA Company 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.