Comfort Systems USA, Inc. $FIX Position Raised by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 334.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,213 shares of the construction company’s stock after acquiring an additional 934 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Comfort Systems USA were worth $1,132,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its stake in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of Comfort Systems USA by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock valued at $264,000 after purchasing an additional 11 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Comfort Systems USA by 1.0% during the third quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock valued at $1,036,000 after buying an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Comfort Systems USA by 0.9% during the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock valued at $1,220,000 after buying an additional 13 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its position in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,416.96 on Friday. The stock has a market cap of $49.83 billion, a price-to-earnings ratio of 49.03 and a beta of 1.60. 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, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00. The stock’s 50 day moving average price is $1,334.65 and its 200 day moving average price is $1,070.78.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company posted $4.09 EPS. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This is an increase 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 dividend payout ratio is presently 9.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FIX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. UBS Group reissued a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, DA Davidson lifted their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,573.67.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider directly owned 171,523 shares in the company, valued at approximately $249,243,501.76. The trade was a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrence Reed sold 1,116 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 2,834 shares of the company’s stock, valued at approximately $3,960,033.22. This trade represents a 28.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,288 shares of company stock valued at $53,677,038 in the last quarter. 1.59% of the stock is owned by company insiders.

Comfort Systems USA 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.