Aptus Capital Advisors LLC Sells 31,725 Shares of Comfort Systems USA, Inc. $FIX

Aptus Capital Advisors LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 98.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436 shares of the construction company’s stock after selling 31,725 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Comfort Systems USA were worth $360,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FIX. Belpointe Asset Management LLC raised its position in Comfort Systems USA by 1.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock valued at $1,036,000 after purchasing an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in 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 worth $1,220,000 after purchasing an additional 13 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Comfort Systems USA by 3.8% during the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after purchasing an additional 18 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Comfort Systems USA by 2.2% in the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock valued at $741,000 after buying an additional 19 shares in the last quarter. Finally, Archer Investment Corp increased its stake in shares of Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after buying an additional 20 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Up 1.7%

Shares of NYSE FIX opened at $1,406.62 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The firm’s 50-day moving average is $1,225.90 and its 200-day moving average is $997.25. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $49.47 billion, a PE ratio of 48.67 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share 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 during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $4.09 earnings per share. Comfort Systems USA’s revenue for the quarter was up 41.7% compared to the same quarter last year. Equities analysts expect 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is presently 9.69%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIX. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. 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. Wall Street Zen downgraded 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 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. Finally, DA Davidson increased their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One 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, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $1,573.67.

Insider Buying and Selling

In related news, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 over the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

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.