Spire Wealth Management Acquires 4,679 Shares of Comfort Systems USA, Inc. $FIX

Spire Wealth Management boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 658.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,390 shares of the construction company’s stock after purchasing an additional 4,679 shares during the quarter. Spire Wealth Management’s holdings in Comfort Systems USA were worth $5,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC bought a new position in Comfort Systems USA during the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. increased 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 valued at $25,000 after buying an additional 15 shares in the last quarter. Eastern Bank purchased a new position in Comfort Systems USA during the third quarter valued at $31,000. Finally, JFS Wealth Advisors LLC raised its stake in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.6%

Comfort Systems USA stock opened at $1,367.28 on Friday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00. The stock has a fifty day simple moving average of $1,315.57 and a two-hundred day simple moving average of $1,055.79. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of 47.31 and a beta of 1.63.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. The trade was a 19.97% 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, CFO William George III sold 9,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares in the company, valued at approximately $54,276,305.28. This trade represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, UBS Group reiterated a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,573.67.

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.