Corient Private Wealth LLC Has $2.60 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Corient Private Wealth LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 48.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,782 shares of the construction company’s stock after acquiring an additional 902 shares during the quarter. Corient Private Wealth LLC’s holdings in Comfort Systems USA were worth $2,596,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its holdings in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. raised its position in shares of Comfort Systems USA by 29.0% during 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 period. Finally, JFS Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

FIX stock opened at $1,857.84 on Monday. The firm has a market cap of $65.40 billion, a PE ratio of 53.60 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 business has a 50 day moving average of $1,865.99 and a 200-day moving average of $1,458.73. Comfort Systems USA, Inc. has a 12-month low of $510.00 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping 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 company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the business posted $4.75 EPS. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date 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 dividend payout ratio is presently 9.23%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 in the last ninety days. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on FIX. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,991.50.

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.