Prakash Investment Advisors LLC Invests $1.49 Million in Comfort Systems USA, Inc. $FIX

Prakash Investment Advisors LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,800 shares of the construction company’s stock, valued at approximately $1,485,000. Comfort Systems USA makes up about 1.0% of Prakash Investment Advisors LLC’s holdings, making the stock its 24th biggest position.

A number of other large investors have also recently bought and sold shares of FIX. Belpointe Asset Management LLC lifted its holdings in shares of Comfort Systems USA by 1.0% during the third quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock valued at $1,036,000 after acquiring an additional 13 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of Comfort Systems USA by 0.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock worth $1,220,000 after purchasing an additional 13 shares in the last quarter. Wedmont Private Capital lifted its holdings in Comfort Systems USA by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after purchasing an additional 18 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Comfort Systems USA by 2.2% during the 3rd quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock valued at $741,000 after purchasing an additional 19 shares during the last quarter. Finally, Archer Investment Corp boosted its position in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after buying an additional 20 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FIX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group restated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $1,064.50.

Comfort Systems USA Stock Up 4.2%

Shares of Comfort Systems USA stock opened at $1,375.17 on Friday. The business has a fifty day simple moving average of $1,097.15 and a 200 day simple moving average of $925.73. The stock has a market cap of $48.50 billion, a PE ratio of 58.22 and a beta of 1.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,399.00.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. The business’s quarterly revenue was up 41.7% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be given a dividend of $0.70 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 4,370 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,528 shares of company stock worth $11,972,106. 1.59% of the stock is owned by corporate insiders.

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.