Flatrock Wealth Partners LLC Acquires Shares of 318 Comfort Systems USA, Inc. $FIX

Flatrock Wealth Partners LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 318 shares of the construction company’s stock, valued at approximately $439,000.

Other institutional investors have also recently modified their holdings of the company. Geneva Partners LLC increased its stake in shares of Comfort Systems USA by 53.1% in the 1st quarter. Geneva Partners LLC now owns 4,186 shares of the construction company’s stock valued at $5,773,000 after purchasing an additional 1,451 shares in the last quarter. Jackson Thornton Wealth Management LLC grew its holdings in Comfort Systems USA by 1.6% in the first quarter. Jackson Thornton Wealth Management LLC now owns 815 shares of the construction company’s stock valued at $1,124,000 after purchasing an additional 13 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Comfort Systems USA by 92.0% in the first quarter. Resonant Capital Advisors LLC now owns 553 shares of the construction company’s stock valued at $763,000 after buying an additional 265 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $228,000. Finally, Abel Hall LLC raised its stake in shares of Comfort Systems USA by 1.7% during the 1st quarter. Abel Hall LLC now owns 640 shares of the construction company’s stock worth $883,000 after buying an additional 11 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FIX shares. UBS Group lifted their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research report on Friday, April 24th. Erste Group Bank started coverage on Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,991.50.

Comfort Systems USA Stock Down 6.2%

Comfort Systems USA stock opened at $1,682.03 on Wednesday. The stock has a market cap of $59.21 billion, a PE ratio of 48.53 and a beta of 1.66. 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 stock’s fifty day moving average is $1,884.14 and its two-hundred day moving average is $1,500.61. Comfort Systems USA, Inc. has a 1-year low of $513.99 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.75 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the transaction, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is owned by 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.