Avior Wealth Management LLC Sells 714 Shares of Comfort Systems USA, Inc. $FIX

Avior Wealth Management LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 27.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,901 shares of the construction company’s stock after selling 714 shares during the period. Avior Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Toth Financial Advisory Corp bought a new stake in Comfort Systems USA during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Comfort Systems USA in the 3rd quarter worth $25,000. Ameriflex Group Inc. raised its holdings in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the period. Eastern Bank purchased a new position in Comfort Systems USA during the third quarter valued at $31,000. Finally, Financial Life Planners purchased a new position in Comfort Systems USA during the third quarter valued at $42,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 5.8%

Shares of NYSE:FIX opened at $1,360.72 on Friday. The company has a market capitalization of $47.86 billion, a PE ratio of 47.08 and a beta of 1.63. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $1,281.72 and its 200-day simple moving average is $1,028.93. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.09 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 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, March 17th. Stockholders of record on Friday, March 6th were issued a $0.70 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.69%.

Insiders Place Their Bets

In related news, Director Franklin Myers sold 8,636 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent research reports. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. UBS Group reiterated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a report on Monday, February 23rd. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $1,573.67.

Key Comfort Systems USA News

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Company reported a stronger-than-expected backlog and improved returns on capital, which analysts say justified recent gains and underpins longer‑term revenue visibility. Why Comfort Systems USA (FIX) Is Up 5.2% After Strong Backlog And Higher Returns On Capital
• Positive Sentiment: Ongoing demand for data‑center cooling and HVAC services is cited as a durable growth driver for Comfort Systems’ service and project backlog, supporting elevated revenue expectations. Data Center Cooling Provider Sees Ongoing Demand. Shares Are Near A High.
• Positive Sentiment: Zacks upgraded FIX to a Zacks Rank #1 (Strong Buy), which can attract additional buy-side interest and supports near-term analyst-driven flows. Comfort Systems (FIX) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: Consensus analyst coverage remains mostly bullish (Buy/Strong Buy majority), which supports investor confidence in the company’s strategy and valuation over the medium term. Comfort Systems USA, Inc. (NYSE:FIX) Receives Average Rating of “Buy” from Analysts
• Neutral Sentiment: Coverage pieces reminding investors about analyst recommendations and fundamentals can increase trading volume and volatility without changing the underlying story. Brokers Suggest Investing in Comfort Systems (FIX): Read This Before Placing a Bet
• Negative Sentiment: Short-term pullback appears linked to profit-taking after the recent run-up and visible insider selling (multiple Form 4s), which increases perceived near-term supply and can pressure the stock. Comfort Systems USA shares slide 4.2% amid profit-taking after strong run-up and recent insider sales

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.