558 Comfort Systems USA, Inc. $FIX Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 357.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 714 shares of the construction company’s stock after buying an additional 558 shares during the quarter. Ibex Wealth Advisors’ holdings in Comfort Systems USA were worth $1,181,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIX. Aberdeen Group plc boosted its position in shares of Comfort Systems USA by 626.3% during the third quarter. Aberdeen Group plc now owns 40,003 shares of the construction company’s stock valued at $66,169,000 after buying an additional 34,495 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Comfort Systems USA by 17.0% during the third quarter. Moors & Cabot Inc. now owns 1,977 shares of the construction company’s stock worth $3,270,000 after buying an additional 287 shares in the last quarter. Allworth Financial LP raised its position in Comfort Systems USA by 4.3% in the 3rd quarter. Allworth Financial LP now owns 2,549 shares of the construction company’s stock valued at $4,216,000 after buying an additional 105 shares during the last quarter. Fisher Asset Management LLC raised its position in Comfort Systems USA by 57.9% in the 3rd quarter. Fisher Asset Management LLC now owns 491 shares of the construction company’s stock valued at $812,000 after buying an additional 180 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. raised its position in Comfort Systems USA by 121.2% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 18,152 shares of the construction company’s stock valued at $30,035,000 after buying an additional 9,947 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock traded down $17.40 during midday trading on Friday, hitting $1,110.69. The company’s stock had a trading volume of 441,334 shares, compared to its average volume of 795,558. The stock has a market cap of $38.86 billion, a price-to-earnings ratio of 23.98 and a beta of 1.64. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $1,468.04 and its 200 day moving average price is $1,597.15. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.85 by $1.06. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The business’s revenue was up 53.7% compared to the same quarter last year. During the same period last year, the firm posted $8.25 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 50.03 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, November 12th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 0.4%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.64%.

Analyst Ratings Changes

Several equities analysts have weighed in on FIX shares. Stifel Nicolaus set a $1,808.00 price objective on Comfort Systems USA in a research note on Monday, October 26th. DA Davidson set a $1,850.00 target price on shares of Comfort Systems USA in a research note on Monday, October 26th. Weiss Ratings downgraded shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. The Goldman Sachs Group set a $1,875.00 target price on shares of Comfort Systems USA in a report on Tuesday, October 20th. Finally, UBS Group dropped their price target on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $1,889.12.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George, III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is currently owned by corporate insiders.

About Comfort Systems USA

Comfort Systems USA, Inc. is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses. Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.