Comfort Systems USA, Inc. $FIX Holdings Raised by HB Wealth Management LLC

HB Wealth Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 155.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,260 shares of the construction company’s stock after purchasing an additional 1,374 shares during the quarter. HB Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake 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 buying an additional 993 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the period. Strs Ohio purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $817,000. Inspire Investing LLC boosted its stake in Comfort Systems USA by 13.4% in the 1st quarter. Inspire Investing LLC now owns 2,160 shares of the construction company’s stock worth $696,000 after purchasing an additional 256 shares during the period. Finally, Kera Capital Partners Inc. purchased a new position in Comfort Systems USA during the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX opened at $1,010.61 on Friday. The stock has a fifty day moving average price of $960.69 and a 200 day moving average price of $802.32. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,050.45. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 42.79 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the transaction, the director directly owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 4,370 shares of the firm’s 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 transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,028 shares of company stock worth $25,381,151 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FIX. UBS Group increased their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Stifel Nicolaus upped their price target on 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. DA Davidson restated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

About Comfort Systems USA

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.