Anderson Hoagland & Co. Cuts Holdings in Comfort Systems USA, Inc. $FIX

Anderson Hoagland & Co. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,452 shares of the construction company’s stock after selling 1,747 shares during the period. Anderson Hoagland & Co.’s holdings in Comfort Systems USA were worth $6,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth grew its position in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after acquiring an additional 313 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Comfort Systems USA by 37.4% during the 2nd quarter. Cetera Investment Advisers now owns 14,808 shares of the construction company’s stock worth $7,940,000 after acquiring an additional 4,028 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Comfort Systems USA by 22.0% during the second quarter. Kingsview Wealth Management LLC now owns 1,355 shares of the construction company’s stock valued at $727,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. DA Davidson raised their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. One research 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Trading Up 1.4%

Shares of Comfort Systems USA stock opened at $1,442.94 on Friday. The firm’s 50 day simple moving average is $1,274.72 and its two-hundred day simple moving average is $1,024.37. The firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 49.93 and a beta of 1.63. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate 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. The business’s revenue for the quarter was up 41.7% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, March 6th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the sale, the senior vice president owned 2,834 shares in the company, valued at approximately $3,960,033.22. This represents a 28.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is owned by corporate 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.