HB Wealth Management LLC Acquires 623 Shares of Comfort Systems USA, Inc. $FIX

HB Wealth Management LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,173 shares of the construction company’s stock after acquiring an additional 623 shares during the quarter. HB Wealth Management LLC’s holdings in Comfort Systems USA were worth $4,376,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Coston McIsaac & Partners grew its holdings in shares of Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Comfort Systems USA by 1.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after purchasing an additional 8 shares during the period. Fulton Bank N.A. lifted its stake in Comfort Systems USA by 1.3% in the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its position in Comfort Systems USA by 3.0% during the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after buying an additional 9 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 0.0%

NYSE:FIX opened at $1,741.16 on Monday. The firm has a market capitalization of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $1,884.63 and a 200 day moving average of $1,489.17. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm earned $4.75 EPS. The company’s revenue was up 56.5% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research note on Friday, April 24th. Erste Group Bank started coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating for the company. Stifel Nicolaus raised their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, UBS Group raised their price target 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. Nine 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 stock currently has an average rating of “Moderate Buy” and an average price target of $1,991.50.

Insider Buying and Selling

In related news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,778 shares of company stock valued at $59,746,124 over the last ninety days. Corporate insiders own 1.24% 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.