Comfort Systems USA, Inc. $FIX Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,808 shares of the construction company’s stock after purchasing an additional 396 shares during the period. Inspire Investing LLC’s holdings in Comfort Systems USA were worth $3,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Miller Wealth Management LLC grew its stake in shares of Comfort Systems USA by 8.1% in the first quarter. Brown Miller Wealth Management LLC now owns 588 shares of the construction company’s stock valued at $811,000 after buying an additional 44 shares in the last quarter. EWA LLC lifted its stake in Comfort Systems USA by 3.2% during the 1st quarter. EWA LLC now owns 391 shares of the construction company’s stock worth $539,000 after acquiring an additional 12 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Comfort Systems USA during the 1st quarter worth about $10,981,000. Apollon Wealth Management LLC boosted its holdings in Comfort Systems USA by 24.4% during the 1st quarter. Apollon Wealth Management LLC now owns 2,101 shares of the construction company’s stock valued at $2,897,000 after acquiring an additional 412 shares during the period. Finally, Coston McIsaac & Partners boosted its holdings in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIX has been the subject of several research reports. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Finally, Erste Group Bank began coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,991.50.

Insider Buying and Selling

In related news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the transaction, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,778 shares of company stock worth $59,746,124. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,950.98 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $510.00 and a 1 year high of $2,073.99. The stock has a market capitalization of $68.67 billion, a PE ratio of 56.29 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a 50-day simple moving average of $1,872.89 and a 200-day simple moving average of $1,465.55.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The firm 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%. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.75 earnings per share. On average, analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis 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 payout ratio is currently 9.23%.

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.