Comfort Systems USA, Inc. $FIX Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,294 shares of the construction company’s stock after selling 409 shares during the period. Private Advisory Group LLC’s holdings in Comfort Systems USA were worth $1,208,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barlow Wealth Partners LLC increased its stake in Comfort Systems USA by 37.9% in the 4th quarter. Barlow Wealth Partners LLC now owns 364 shares of the construction company’s stock worth $368,000 after purchasing an additional 100 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 17 shares during the period. Northwest Wealth Management LLC boosted its holdings in shares of Comfort Systems USA by 50.8% in the fourth quarter. Northwest Wealth Management LLC now owns 555 shares of the construction company’s stock worth $518,000 after buying an additional 187 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Comfort Systems USA by 13.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,109 shares of the construction company’s stock worth $3,835,000 after acquiring an additional 475 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after acquiring an additional 4,679 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FIX. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,573.67.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 9,365 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the sale, the insider owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. The trade was a 5.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. This represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 0.0%

Comfort Systems USA stock opened at $1,367.28 on Monday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market cap of $48.09 billion, a PE ratio of 47.31 and a beta of 1.62. The firm’s 50 day moving average price is $1,315.57 and its two-hundred day moving average price is $1,057.91.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $4.09 EPS. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is currently 9.69%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.