Comfort Systems USA, Inc. $FIX is Peterson Wealth Services’ 6th Largest Position

Peterson Wealth Services trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 72.7% in the fourth quarter, HoldingsChannel reports. The firm owned 16,447 shares of the construction company’s stock after selling 43,884 shares during the period. Comfort Systems USA makes up about 3.9% of Peterson Wealth Services’ portfolio, making the stock its 6th biggest holding. Peterson Wealth Services’ holdings in Comfort Systems USA were worth $15,350,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FIX. Vanguard Group Inc. boosted its position in Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares during the last quarter. Geode Capital Management LLC raised its holdings in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares during the period. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 6.8% during the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after purchasing an additional 53,125 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after purchasing an additional 197,613 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 7.3%

Shares of NYSE FIX opened at $1,844.63 on Friday. Comfort Systems USA, Inc. has a 52-week low of $489.54 and a 52-week high of $2,073.99. The firm has a fifty day moving average of $1,772.45 and a 200-day moving average of $1,382.95. The stock has a market capitalization of $64.93 billion, a PE ratio of 53.22 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $4.75 EPS. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business 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 of this dividend 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 is presently 9.23%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIX. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a report on Friday, April 24th. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Erste Group Bank began coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $1,991.50.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,078 shares of company stock worth $46,651,175. 1.24% 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.