SteelPeak Wealth LLC Increases Holdings in Comfort Systems USA, Inc. $FIX

SteelPeak Wealth LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 31.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,275 shares of the construction company’s stock after purchasing an additional 775 shares during the quarter. SteelPeak Wealth LLC’s holdings in Comfort Systems USA were worth $1,756,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FIX. UMB Bank n.a. grew its position in shares of Comfort Systems USA by 11.7% in the first quarter. UMB Bank n.a. now owns 1,096 shares of the construction company’s stock valued at $353,000 after purchasing an additional 115 shares in the last quarter. Portside Wealth Group LLC boosted its stake in Comfort Systems USA by 20.9% during the first quarter. Portside Wealth Group LLC now owns 1,409 shares of the construction company’s stock valued at $454,000 after buying an additional 244 shares during the period. Farther Finance Advisors LLC boosted its stake in Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock valued at $364,000 after buying an additional 239 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Comfort Systems USA by 96.2% during the first quarter. Harbor Capital Advisors Inc. now owns 44,046 shares of the construction company’s stock valued at $14,197,000 after buying an additional 21,598 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Comfort Systems USA by 23.1% during the first quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock valued at $254,000 after buying an additional 148 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,400 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FIX shares. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Saturday, September 27th. UBS Group lifted their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $668.60.

Comfort Systems USA Trading Down 1.0%

Shares of FIX stock opened at $816.93 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $739.14 and a two-hundred day moving average price of $554.54. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $852.31. The firm has a market cap of $28.82 billion, a P/E ratio of 41.98 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the company posted $3.74 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.28%.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.