Insight Wealth Strategies LLC Has $5.25 Million Holdings in Comfort Systems USA, Inc. $FIX

Insight Wealth Strategies LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,622 shares of the construction company’s stock after selling 2,166 shares during the period. Insight Wealth Strategies LLC’s holdings in Comfort Systems USA were worth $5,247,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Comfort Systems USA in the second quarter worth about $256,998,000. AQR Capital Management LLC boosted its stake in shares of Comfort Systems USA by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at approximately $114,551,000. JPMorgan Chase & Co. grew its holdings in shares of Comfort Systems USA by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $156,183,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.1%

NYSE FIX opened at $1,425.50 on Thursday. The firm has a market capitalization of $50.13 billion, a PE ratio of 49.33 and a beta of 1.63. The business’s 50-day moving average price is $1,265.30 and its two-hundred day moving average price is $1,021.44. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm’s revenue was up 41.7% compared to the same quarter last year. During the same period last year, the company earned $4.09 earnings per share. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is currently 9.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five 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 $1,573.67.

Insider Activity

In other news, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider directly owned 171,523 shares of the company’s stock, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William George III sold 9,000 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the sale, the chief financial officer owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is owned by insiders.

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.