Apollon Wealth Management LLC Buys 412 Shares of Comfort Systems USA, Inc. $FIX

Apollon Wealth Management LLC raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 24.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,101 shares of the construction company’s stock after purchasing an additional 412 shares during the period. Apollon Wealth Management LLC’s holdings in Comfort Systems USA were worth $2,897,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FIX. Vanguard Group Inc. grew its stake in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after buying an additional 625,567 shares during the last quarter. State Street Corp lifted its position in Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC lifted its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after acquiring an additional 73,727 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 22.1% during the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after acquiring an additional 184,362 shares during the period. 96.51% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Brian E. Lane sold 11,113 shares of the business’s 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 completion of the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the sale, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This represents a 2.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is owned by insiders.

Comfort Systems USA Stock Up 1.7%

Shares of FIX opened at $1,981.31 on Wednesday. Comfort Systems USA, Inc. has a 12 month low of $510.00 and a 12 month high of $2,073.99. The firm’s 50 day moving average is $1,879.47 and its 200-day moving average is $1,472.32. The stock has a market capitalization of $69.74 billion, a PE ratio of 57.16 and a beta of 1.65. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.75 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research note on Friday, April 24th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank initiated coverage on Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating on the stock. UBS Group increased 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. Finally, Stifel Nicolaus lifted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,991.50.

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.