Kestra Private Wealth Services LLC Decreases Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Kestra Private Wealth Services LLC decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,411 shares of the construction company’s stock after selling 202 shares during the period. Kestra Private Wealth Services LLC’s holdings in Comfort Systems USA were worth $702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. State Board of Administration of Florida Retirement System raised its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after purchasing an additional 60 shares during the period. Portside Wealth Group LLC increased its position in Comfort Systems USA by 3.6% in the third quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock worth $368,000 after buying an additional 74 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of Comfort Systems USA by 5.5% in the third quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock valued at $244,000 after buying an additional 75 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Comfort Systems USA by 7.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 1,463 shares of the construction company’s stock valued at $249,000 after buying an additional 101 shares during the last quarter. Finally, Diversified Trust Co grew its stake in shares of Comfort Systems USA by 2.0% during the 3rd quarter. Diversified Trust Co now owns 5,575 shares of the construction company’s stock worth $950,000 after acquiring an additional 109 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the transaction, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,614 shares of company stock worth $13,739,345. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Up 2.4 %

FIX stock opened at $315.03 on Monday. The stock has a 50-day simple moving average of $308.87 and a two-hundred day simple moving average of $240.55. Comfort Systems USA, Inc. has a twelve month low of $144.45 and a twelve month high of $335.25. The firm has a market capitalization of $11.25 billion, a PE ratio of 31.19 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. On average, equities analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a dividend of $0.30 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, May 10th. Comfort Systems USA’s payout ratio is 9.90%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIX. UBS Group boosted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. KeyCorp started coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.