Integrated Wealth Concepts LLC Has $772,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Integrated Wealth Concepts LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,977 shares of the construction company’s stock after selling 162 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Comfort Systems USA were worth $772,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Covestor Ltd grew its holdings in shares of Comfort Systems USA by 7.1% in the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares during the period. Signaturefd LLC increased its holdings in shares of Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after acquiring an additional 34 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after purchasing an additional 35 shares during the period. Finally, Mount Lucas Management LP lifted its holdings in shares of Comfort Systems USA by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock valued at $673,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of research reports. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Price Performance

Shares of FIX opened at $462.49 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $438.14 and its 200 day simple moving average is $366.05. Comfort Systems USA, Inc. has a 1-year low of $192.06 and a 1-year high of $510.79. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 35.39 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm earned $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Transactions at Comfort Systems USA

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 transaction, the director now directly owns 5,498 shares of the company’s stock, valued at $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 available through this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of the 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 transaction, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by company insiders.

About Comfort Systems USA

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.