Inspire Investing LLC Boosts Position in Comfort Systems USA, Inc. $FIX

Inspire Investing LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.4% in the first quarter, HoldingsChannel.com reports. The firm owned 2,808 shares of the construction company’s stock after buying an additional 396 shares during the quarter. Inspire Investing LLC’s holdings in Comfort Systems USA were worth $3,872,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at $567,000. Finally, Sei Investments Co. raised its stake in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after acquiring an additional 17,839 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the sale, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,778 shares of company stock worth $59,746,124 over the last quarter. 1.24% of the stock is owned by insiders.

Comfort Systems USA Trading Up 5.2%

Shares of Comfort Systems USA stock opened at $1,950.98 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market capitalization of $68.67 billion, a P/E ratio of 56.29 and a beta of 1.66. Comfort Systems USA, Inc. has a 1 year low of $510.00 and a 1 year high of $2,073.99. The company’s fifty day moving average is $1,872.89 and its two-hundred day moving average is $1,465.55.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company earned $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. Analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FIX shares. Erste Group Bank started coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating for the company. Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, UBS Group upped their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $1,991.50.

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.