Spire Wealth Management Purchases 4,679 Shares of Comfort Systems USA, Inc. $FIX

Spire Wealth Management lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 658.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,390 shares of the construction company’s stock after buying an additional 4,679 shares during the period. Spire Wealth Management’s holdings in Comfort Systems USA were worth $5,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Private Client Services LLC lifted its stake in shares of Comfort Systems USA by 624.4% in the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after purchasing an additional 2,354 shares during the period. Private Advisor Group LLC grew its position in Comfort Systems USA by 50.1% during the third quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock valued at $6,420,000 after buying an additional 2,598 shares during the period. Brown Advisory Inc. increased its holdings in Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock valued at $8,863,000 after buying an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Comfort Systems USA by 19.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock valued at $12,474,000 after buying an additional 2,461 shares during the last quarter. Finally, Caerus Investment Advisors LLC bought a new position in Comfort Systems USA in the third quarter worth approximately $767,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,367.28 on Friday. 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. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 47.31 and a beta of 1.63. The company’s 50 day moving average is $1,315.57 and its two-hundred day moving average is $1,055.79.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.09 earnings per share. As a group, research analysts anticipate 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 Tuesday, March 17th. Investors of record on Friday, March 6th were paid a dividend of $0.70 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 9.69%.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the firm’s stock in a transaction dated 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 directly owned 37,824 shares of the company’s stock, valued at $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 in the last three months. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIX. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a research note on Monday, February 23rd. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $1,573.67.

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.