Insight Wealth Strategies LLC Has $5.25 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Insight Wealth Strategies LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,622 shares of the construction company’s stock after selling 2,166 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Comfort Systems USA were worth $5,247,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FIX. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA during the third quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $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 buying an additional 15 shares during the last quarter. Eastern Bank bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $31,000. Finally, Financial Life Planners bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $42,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 0.1%

FIX stock opened at $1,425.50 on Thursday. The company has a market cap of $50.13 billion, a PE ratio of 49.33 and a beta of 1.63. The business has a 50-day simple moving average of $1,265.30 and a 200 day simple moving average of $1,021.44. 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 quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business posted $4.09 earnings per share. Comfort Systems USA’s revenue was up 41.7% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.69%.

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 stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares in the company, valued at $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the sale, the senior vice president owned 2,834 shares of the company’s stock, valued at $3,960,033.22. The trade was a 28.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 in the last three months. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIX. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 2nd. Finally, Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,573.67.

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.