Hennion & Walsh Asset Management Inc. Buys 475 Shares of Comfort Systems USA, Inc. $FIX

Hennion & Walsh Asset Management Inc. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,109 shares of the construction company’s stock after purchasing an additional 475 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Comfort Systems USA were worth $3,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in shares of Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after purchasing an additional 4,679 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $122,000. USA Financial Formulas bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $132,000. Mirador Capital Partners LP acquired a new stake in Comfort Systems USA in the 4th quarter valued at approximately $357,000. Finally, Exchange Traded Concepts LLC raised its position in Comfort Systems USA by 334.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,213 shares of the construction company’s stock valued at $1,132,000 after buying an additional 934 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the sale, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 8,636 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,288 shares of company stock valued at $53,677,038 in the last 90 days. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent research reports. UBS Group reaffirmed 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. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. DA Davidson boosted their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,573.67.

Comfort Systems USA Stock Performance

FIX opened at $1,269.94 on Tuesday. The business’s 50-day simple moving average is $1,318.57 and its 200 day simple moving average is $1,061.46. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market capitalization of $44.66 billion, a PE ratio of 43.94 and a beta of 1.62.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue was up 41.7% compared to the same quarter last year. During the same period last year, the company earned $4.09 earnings per share. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were paid a $0.70 dividend. This is a boost 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 was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

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.