Wall Street Financial Group Inc. Buys Shares of 532 Comfort Systems USA, Inc. $FIX

Wall Street Financial Group Inc. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 532 shares of the construction company’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth boosted its position in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Comfort Systems USA by 118.9% during the second quarter. Hsbc Holdings PLC now owns 17,210 shares of the construction company’s stock worth $9,285,000 after buying an additional 9,348 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Comfort Systems USA by 41.9% during the second quarter. Mackenzie Financial Corp now owns 8,513 shares of the construction company’s stock worth $4,565,000 after buying an additional 2,512 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,427.42 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 52 week low of $276.44 and a 52 week high of $1,500.00. The firm has a market cap of $50.20 billion, a PE ratio of 49.39 and a beta of 1.59. The firm’s fifty day moving average is $1,328.93 and its 200-day moving average is $1,068.36.

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, beating analysts’ consensus estimates of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.09 earnings per share. Sell-side analysts predict 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. Stockholders of record on Friday, March 6th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.69%.

Insider Activity at Comfort Systems USA

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Finally, DA Davidson upped their price objective 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. 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 company’s stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average price target 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.