Kestra Private Wealth Services LLC Has $1.04 Million Stake in Comfort Systems USA, Inc. $FIX

Kestra Private Wealth Services LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 39.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 755 shares of the construction company’s stock after selling 488 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Comfort Systems USA were worth $1,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its position in Comfort Systems USA by 7.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,067 shares of the construction company’s stock worth $6,988,000 after buying an additional 344 shares in the last quarter. Blue Trust Inc. increased its position in Comfort Systems USA by 36.1% in the 1st quarter. Blue Trust Inc. now owns 781 shares of the construction company’s stock valued at $1,078,000 after acquiring an additional 207 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Comfort Systems USA by 39.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 440 shares of the construction company’s stock valued at $607,000 after acquiring an additional 125 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Comfort Systems USA in the first quarter worth about $47,000. Finally, OP Asset Management Ltd bought a new position in shares of Comfort Systems USA in the first quarter worth about $24,294,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 1.7%

NYSE:FIX opened at $1,981.31 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12-month low of $510.00 and a 12-month high of $2,073.99. The stock’s fifty day simple moving average is $1,879.47 and its 200-day simple moving average is $1,472.32. The firm has a market capitalization of $69.74 billion, a P/E ratio of 57.16 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $4.75 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 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, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Insiders Place Their Bets

In related news, CFO William George III sold 1,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the transaction, the chief financial officer owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Erste Group Bank initiated coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating for the company. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,991.50.

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.