SteelPeak Wealth LLC Decreases Stock Position in Comfort Systems USA, Inc. $FIX

SteelPeak Wealth LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,559 shares of the construction company’s stock after selling 783 shares during the quarter. SteelPeak Wealth LLC’s holdings in Comfort Systems USA were worth $2,388,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FIX. NewEdge Advisors LLC increased its holdings in shares of Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares during the last quarter. Focus Partners Wealth grew its position in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Comfort Systems USA by 40.9% during the second 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 during the last quarter. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 811.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 921 shares of the construction company’s stock valued at $494,000 after buying an additional 820 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Comfort Systems USA by 95.5% in the 2nd quarter. Baird Financial Group Inc. now owns 11,026 shares of the construction company’s stock valued at $5,912,000 after purchasing an additional 5,386 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 0.0%

Shares of NYSE:FIX opened at $1,416.96 on Friday. The company has a market capitalization of $49.83 billion, a price-to-earnings ratio of 49.03 and a beta of 1.60. The company has a 50 day moving average of $1,340.54 and a two-hundred day moving average of $1,077.27. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.09 EPS. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is currently 9.69%.

Analysts Set New Price Targets

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares of the company’s stock, valued at $54,276,305.28. This trade represents a 19.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 9,365 shares of Comfort Systems USA 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 transaction, 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 SEC filing for this sale provides additional information. Insiders sold 37,288 shares of company stock worth $53,677,038 over the last 90 days. Company insiders own 1.59% of the company’s stock.

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.