Three Seasons Wealth LLC Acquires New Shares in Comfort Systems USA, Inc. $FIX

Three Seasons Wealth LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 917 shares of the construction company’s stock, valued at approximately $757,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Monument Capital Management bought a new position in Comfort Systems USA in the second quarter valued at approximately $3,629,000. Private Client Services LLC raised its holdings in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after acquiring an additional 2,354 shares during the period. Brown Advisory Inc. lifted its position in Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after acquiring an additional 15,831 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA in the 2nd quarter valued at $27,000. Finally, Lifestyle Asset Management Inc. boosted its stake in Comfort Systems USA by 314.1% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock worth $2,078,000 after purchasing an additional 2,940 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 0.6%

Shares of NYSE FIX opened at $963.68 on Monday. The business has a 50-day simple moving average of $946.98 and a two-hundred day simple moving average of $770.34. The company has a market cap of $33.99 billion, a P/E ratio of 40.80 and a beta of 1.64. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,036.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million for the quarter. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insiders Place Their Bets

In other news, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the transaction, the senior vice president owned 7,938 shares in the company, valued at $7,907,518.08. This trade represents a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,028 shares of company stock valued at $25,381,151 over the last quarter. 1.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average target price of $1,011.75.

Comfort Systems USA 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.