Jackson Thornton Wealth Management LLC Takes $613,000 Position in Comfort Systems USA, Inc. $FIX

Jackson Thornton Wealth Management LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 726 shares of the construction company’s stock, valued at approximately $613,000.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Eastern Bank bought a new position in shares of Comfort Systems USA during the third quarter valued at $31,000. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA in the 2nd quarter worth about $27,000. Finally, Avion Wealth lifted its holdings in shares of Comfort Systems USA by 1,800.0% during the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after buying an additional 54 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIX. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. This represents a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Up 1.6%

Shares of Comfort Systems USA stock opened at $1,108.44 on Tuesday. The firm’s 50 day moving average price is $974.46 and its 200-day moving average price is $827.72. The company has a market cap of $39.09 billion, a P/E ratio of 46.59 and a beta of 1.66. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,147.03.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.Comfort Systems USA’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.09 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

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.