Comfort Systems USA, Inc. $FIX Position Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,221 shares of the construction company’s stock after purchasing an additional 534 shares during the period. Kestra Advisory Services LLC’s holdings in Comfort Systems USA were worth $8,579,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth lifted its position in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $567,000. Finally, Sei Investments Co. boosted its stake in shares of Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after buying an additional 17,839 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Down 1.4%

Comfort Systems USA stock opened at $1,730.63 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The company has a market capitalization of $60.92 billion, a price-to-earnings ratio of 49.93 and a beta of 1.66. Comfort Systems USA, Inc. has a one year low of $513.99 and a one year high of $2,073.99. The company’s fifty day moving average price is $1,881.53 and its two-hundred day moving average price is $1,522.98.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.75 earnings per share. On average, analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. The Goldman Sachs Group began coverage on Comfort Systems USA in a research note on Thursday. They issued a “buy” rating and a $2,159.00 target price on the stock. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Erste Group Bank started coverage on Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating on the stock. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,015.43.

Comfort Systems USA 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.