881 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 881 shares of the construction company’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Comfort Systems USA by 1.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,151 shares of the construction company’s stock valued at $3,182,000 after buying an additional 98 shares during the period. CreativeOne Wealth LLC purchased a new position in Comfort Systems USA during the third quarter valued at approximately $1,300,000. Glenmede Trust Co. NA acquired a new position in Comfort Systems USA in the third quarter valued at approximately $214,000. Bridgewater Associates LP boosted its position in Comfort Systems USA by 53.0% in the 3rd quarter. Bridgewater Associates LP now owns 15,718 shares of the construction company’s stock worth $6,136,000 after purchasing an additional 5,442 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Comfort Systems USA by 95.0% during the 3rd quarter. Bank of Montreal Can now owns 18,802 shares of the construction company’s stock worth $7,334,000 after purchasing an additional 9,160 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Stock Performance

FIX opened at $493.27 on Friday. The firm’s fifty day simple moving average is $426.20 and its two-hundred day simple moving average is $358.72. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The company has a market cap of $17.56 billion, a price-to-earnings ratio of 37.74 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. Comfort Systems USA’s payout ratio is currently 10.71%.

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.