Hennion & Walsh Asset Management Inc. Has $3.84 Million Holdings in Comfort Systems USA, Inc. $FIX

Hennion & Walsh Asset Management Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,109 shares of the construction company’s stock after buying an additional 475 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Comfort Systems USA were worth $3,835,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Comfort Systems USA by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock valued at $264,000 after purchasing an additional 11 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Comfort Systems USA by 1.0% during the third quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 13 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Comfort Systems USA by 0.9% in the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 13 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a report on Monday, February 23rd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. 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 report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $1,573.67.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 9,365 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the sale, the insider owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Down 7.1%

Shares of Comfort Systems USA stock opened at $1,269.94 on Tuesday. The firm has a 50-day moving average of $1,318.57 and a 200-day moving average of $1,061.46. The stock has a market cap of $44.66 billion, a PE ratio of 43.94 and a beta of 1.62. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $4.09 earnings per share. Comfort Systems USA’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, sell-side 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 Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. Comfort Systems USA’s payout ratio is 9.69%.

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.