Commonwealth Equity Services LLC Buys 1,000 Shares of Comfort Systems USA, Inc. $FIX

Commonwealth Equity Services LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 22.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,366 shares of the construction company’s stock after acquiring an additional 1,000 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Comfort Systems USA were worth $5,008,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ameriflex Group Inc. lifted its position in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA during the 4th quarter worth about $28,000. Farmers & Merchants Investments Inc. lifted its position in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 10 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 17 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 4,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were 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 directly owned 33,804 shares in the company, valued at $65,855,938.68. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,078 shares of company stock worth $46,651,175 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FIX shares. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. DA Davidson boosted their price target 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. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research report on Friday, April 24th. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. 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 investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Stock Down 3.8%

Comfort Systems USA stock opened at $1,841.59 on Friday. The firm has a market capitalization of $64.82 billion, a PE ratio of 53.13 and a beta of 1.65. The company’s 50-day moving average is $1,735.08 and its 200-day moving average is $1,354.40. Comfort Systems USA, Inc. has a fifty-two week low of $469.16 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’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 business earned $4.75 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

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.