Spirepoint Private Client LLC Invests $491,000 in Comfort Systems USA, Inc. $FIX

Spirepoint Private Client LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, Holdings Channel reports. The firm purchased 595 shares of the construction company’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wedmont Private Capital lifted its stake in Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after purchasing an additional 18 shares during the last quarter. Archer Investment Corp raised its holdings in shares of Comfort Systems USA by 8.0% during the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after purchasing an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Comfort Systems USA by 12.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the period. Transce3nd LLC lifted its position in shares of Comfort Systems USA by 12.9% in the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after buying an additional 22 shares during the last quarter. Finally, Optimum Investment Advisors boosted its holdings in shares of Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after buying an additional 25 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the transaction, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,028 shares of company stock worth $25,381,151 in the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group raised their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,032.99 on Wednesday. The company has a 50-day moving average price of $959.12 and a two-hundred day moving average price of $793.89. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,050.45. The stock has a market cap of $36.43 billion, a price-to-earnings ratio of 43.73 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

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

Comfort Systems USA Increases Dividend

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

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.