Kestra Investment Management LLC Trims Stake in Comfort Systems USA, Inc. $FIX

Kestra Investment Management LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 28.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,464 shares of the construction company’s stock after selling 571 shares during the period. Kestra Investment Management LLC’s holdings in Comfort Systems USA were worth $1,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC lifted its stake 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 purchasing an additional 10 shares during the period. West Michigan Advisors LLC lifted its stake in shares of Comfort Systems USA by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after purchasing an additional 10 shares during the period. EWA LLC lifted its stake in shares of Comfort Systems USA by 2.7% during the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after purchasing an additional 10 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Comfort Systems USA by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group increased their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Glj Research assumed coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Trading Up 3.2%

FIX stock opened at $1,886.97 on Wednesday. The company has a market cap of $66.42 billion, a price-to-earnings ratio of 54.44 and a beta of 1.70. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $1,666.57 and a 200-day simple moving average of $1,306.05. Comfort Systems USA, Inc. has a 52 week low of $465.05 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.75 EPS. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 1,000 shares of the company’s stock in a transaction 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 in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 29,352 shares of company stock worth $53,724,598. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Company 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.