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

World Investment Advisors LLC bought a new stake in 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 2,912 shares of the construction company’s stock, valued at approximately $1,137,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Zacks Investment Management grew its stake in Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares during the last quarter. Entropy Technologies LP acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $1,484,000. WCM Investment Management LLC boosted its stake in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after purchasing an additional 14,090 shares during the period. Quest Partners LLC bought a new position in Comfort Systems USA in the 3rd quarter worth about $940,000. Finally, Schwartz Investment Counsel Inc. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $1,327,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the topic of several recent analyst reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. 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. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. Finally, UBS Group raised their price objective 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Price Performance

NYSE FIX opened at $462.33 on Monday. The stock has a 50-day simple moving average of $443.70 and a 200 day simple moving average of $369.36. Comfort Systems USA, Inc. has a twelve month low of $194.30 and a twelve month high of $510.79. The stock has a market capitalization of $16.46 billion, a PE ratio of 35.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue was up 31.5% compared to the same quarter last year. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA 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 value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

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.