Ascent Wealth Partners LLC Buys Shares of 1,500 Comfort Systems USA, Inc. $FIX

Ascent Wealth Partners LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,500 shares of the construction company’s stock, valued at approximately $2,068,000.

A number of other institutional investors have also modified their holdings of the company. Prudential PLC purchased a new stake in Comfort Systems USA during the 4th quarter worth approximately $6,922,000. Ethic Inc. grew its stake in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Spire Wealth Management increased its position in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after acquiring an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC raised its stake in shares of Comfort Systems USA by 34.0% in 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 in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 0.8%

Shares of NYSE:FIX opened at $1,667.28 on Friday. The company has a market capitalization of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66. 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, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The firm has a 50 day simple moving average of $1,861.34 and a 200-day simple moving average of $1,540.19.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating 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 firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm posted $4.75 EPS. The company’s revenue was up 56.5% on a year-over-year basis. On average, equities analysts predict 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 paid a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA 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 owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 30,778 shares of company stock valued at $59,746,124. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and three 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 target price of $2,015.43.

Comfort Systems USA Company 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.