Perigon Wealth Management LLC Acquires 557 Shares of Comfort Systems USA, Inc. $FIX

Perigon Wealth Management LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 89.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,178 shares of the construction company’s stock after acquiring an additional 557 shares during the quarter. Perigon Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. JFS Wealth Advisors LLC raised its holdings in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Comfort Systems USA by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after acquiring an additional 11 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Comfort Systems USA by 1.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock valued at $1,036,000 after acquiring an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Comfort Systems USA by 0.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock valued at $1,220,000 after acquiring an additional 13 shares in the last quarter. Finally, Ameriflex Group Inc. lifted 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 last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIX. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. DA Davidson boosted their price target on 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. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 23rd. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA Trading Up 1.0%

Shares of Comfort Systems USA stock opened at $1,431.93 on Tuesday. The stock has a market capitalization of $50.37 billion, a P/E ratio of 49.55 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $1,346.61 and a 200 day simple moving average of $1,083.93. Comfort Systems USA, Inc. has a 12-month low of $281.52 and a 12-month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.09 earnings per share. Research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This trade represents a 5.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. The trade was a 19.97% 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.