Kestra Private Wealth Services LLC Has $1.04 Million Position in Comfort Systems USA, Inc. $FIX

Kestra Private Wealth Services LLC cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 39.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 755 shares of the construction company’s stock after selling 488 shares during the period. Kestra Private Wealth Services LLC’s holdings in Comfort Systems USA were worth $1,041,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Prudential PLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $6,922,000. Ethic Inc. raised its position in shares of Comfort Systems USA by 80.5% during the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after buying an additional 39,888 shares during the period. Spire Wealth Management increased its stake in Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after acquiring an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC increased its stake in Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after acquiring an additional 7,192 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FIX. UBS Group raised their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Erste Group Bank began coverage on Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating for the company. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Finally, KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,981.31 on Wednesday. The business has a 50 day simple moving average of $1,879.47 and a 200 day simple moving average of $1,472.32. 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 $69.74 billion, a PE ratio of 57.16 and a beta of 1.65. Comfort Systems USA, Inc. has a one year low of $510.00 and a one year high of $2,073.99.

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, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business posted $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend 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 payout ratio is currently 9.23%.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,778 shares of company stock worth $59,746,124 in the last quarter. 1.24% of the stock is owned by corporate insiders.

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.