Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 5,056 shares of the construction company’s stock after buying an additional 37 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Comfort Systems USA were worth $2,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FIX. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA during the third quarter worth $38,000. V Square Quantitative Management LLC boosted its stake in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after buying an additional 47 shares during the last quarter. True Wealth Design LLC purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $53,000. Finally, Contravisory Investment Management Inc. increased its stake in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 5.7 %

Shares of FIX stock opened at $493.11 on Thursday. Comfort Systems USA, Inc. has a 1-year low of $198.30 and a 1-year high of $510.79. The firm has a market cap of $17.55 billion, a PE ratio of 37.73 and a beta of 1.23. The company has a 50-day moving average of $460.49 and a two-hundred day moving average of $389.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $2.74 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, analysts predict 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, UBS Group lifted 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 report on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.50.

Insider Buying and Selling at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last three months. 1.80% of the stock is owned by corporate 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.