Comfort Systems USA, Inc. $FIX Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 75.5% in the third quarter, HoldingsChannel reports. The firm owned 1,571 shares of the construction company’s stock after acquiring an additional 676 shares during the period. Sunbelt Securities Inc.’s holdings in Comfort Systems USA were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. lifted its position in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after acquiring an additional 15 shares in the last quarter. Eastern Bank acquired a new stake in shares of Comfort Systems USA during the third quarter valued at $31,000. Finally, Financial Life Planners acquired a new stake in shares of Comfort Systems USA during the third quarter valued at $42,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 9,365 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This trade represents a 5.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson upped 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. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 23rd. UBS Group restated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA Trading Up 0.1%

NYSE FIX opened at $1,425.50 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00. The company has a 50-day simple moving average of $1,265.30 and a 200-day simple moving average of $1,021.44. The firm has a market capitalization of $50.13 billion, a PE ratio of 49.33 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $4.09 earnings per share. Comfort Systems USA’s revenue was up 41.7% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were issued a $0.70 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Comfort Systems USA Company 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.