SteelPeak Wealth LLC Purchases 775 Shares of Comfort Systems USA, Inc. $FIX

SteelPeak Wealth LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 31.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,275 shares of the construction company’s stock after acquiring an additional 775 shares during the period. SteelPeak Wealth LLC’s holdings in Comfort Systems USA were worth $1,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIX. UMB Bank n.a. boosted its holdings in 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 worth $353,000 after acquiring an additional 115 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Comfort Systems USA by 20.9% in the first quarter. Portside Wealth Group LLC now owns 1,409 shares of the construction company’s stock worth $454,000 after acquiring an additional 244 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Comfort Systems USA by 27.7% in the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock worth $364,000 after acquiring an additional 239 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Comfort Systems USA by 96.2% in the first quarter. Harbor Capital Advisors Inc. now owns 44,046 shares of the construction company’s stock worth $14,197,000 after acquiring an additional 21,598 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Comfort Systems USA by 23.1% in the first quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock valued at $254,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIX. DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. William Blair began coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, UBS Group raised their target price on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $668.60.

Insiders Place Their Bets

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company’s stock, valued at $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares of the company’s stock, valued at $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $816.93 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $28.82 billion, a price-to-earnings ratio of 41.98 and a beta of 1.58. The stock has a 50 day moving average of $739.14 and a 200 day moving average of $554.54. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $852.31.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $3.74 earnings per share. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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