Gateway Wealth Partners LLC Has $2.08 Million Holdings in Comfort Systems USA, Inc. $FIX

Gateway Wealth Partners LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 107.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,508 shares of the construction company’s stock after purchasing an additional 782 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Comfort Systems USA were worth $2,080,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIX. Quadcap Wealth Management LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at $470,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Comfort Systems USA by 22.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 2,552 shares of the construction company’s stock worth $3,519,000 after buying an additional 474 shares during the last quarter. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Comfort Systems USA in the 1st quarter valued at about $615,000. Aristotle Atlantic Partners LLC increased its position in shares of Comfort Systems USA by 13.6% in the first quarter. Aristotle Atlantic Partners LLC now owns 1,375 shares of the construction company’s stock valued at $1,896,000 after acquiring an additional 165 shares during the last quarter. Finally, Waverly Advisors LLC increased its position in shares of Comfort Systems USA by 9.1% in the first quarter. Waverly Advisors LLC now owns 2,685 shares of the construction company’s stock valued at $3,703,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, UBS Group boosted their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,622.23 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $57.09 billion, a P/E ratio of 39.90 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The stock has a 50 day moving average of $1,829.20 and a 200-day moving average of $1,581.48.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business earned $6.53 EPS. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the firm’s 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 completion of the sale, the chief financial officer directly owned 32,804 shares in the company, valued at $66,295,571.84. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,278 shares of company stock worth $57,147,119 in the last ninety days. Insiders own 1.24% of the company’s stock.

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.