Ashton Thomas Private Wealth LLC Buys New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 543 shares of the construction company’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of FIX. Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the third quarter worth approximately $38,000. Opal Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the second quarter worth $41,000. V Square Quantitative Management LLC raised its stake in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after acquiring an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after acquiring an additional 85 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $524.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the sale, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,591 shares of company stock valued at $16,625,615. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock opened at $445.02 on Friday. The firm has a market cap of $15.84 billion, a P/E ratio of 34.10 and a beta of 1.13. The stock’s 50 day simple moving average is $395.89 and its 200 day simple moving average is $346.91. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $474.62.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $2.74 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.88 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 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost 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%.

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.