CreativeOne Wealth LLC Lowers Stake in Comfort Systems USA, Inc. $FIX

CreativeOne Wealth LLC reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,808 shares of the construction company’s stock after selling 581 shares during the quarter. CreativeOne Wealth LLC’s holdings in Comfort Systems USA were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Private Client Services LLC lifted its holdings in shares of Comfort Systems USA by 624.4% in the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock worth $2,254,000 after buying an additional 2,354 shares in the last quarter. Brown Advisory Inc. grew its stake 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 acquiring an additional 15,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock valued at $12,474,000 after acquiring an additional 2,461 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA in the 3rd quarter valued at $2,392,000. Finally, Calamos Advisors LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth $1,527,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several recent research reports. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1,573.67.

Comfort Systems USA Stock Up 0.6%

Shares of NYSE:FIX opened at $1,380.84 on Wednesday. The firm has a market capitalization of $48.57 billion, a PE ratio of 47.78 and a beta of 1.62. The business has a 50 day simple moving average of $1,216.43 and a two-hundred day simple moving average of $994.36. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

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

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director directly owned 9,166 shares in the company, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Terrence Reed sold 1,116 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the sale, the senior vice president directly owned 2,834 shares of the company’s stock, valued at $3,960,033.22. This represents a 28.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 37,288 shares of company stock valued at $53,677,038. Insiders own 1.59% of the company’s stock.

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.