Fifth Third Wealth Advisors LLC Decreases Stock Position in Comfort Systems USA, Inc. $FIX

Fifth Third Wealth Advisors LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 73.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315 shares of the construction company’s stock after selling 855 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Comfort Systems USA were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Private Advisor Group LLC boosted its stake in shares of Comfort Systems USA by 50.1% during the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock valued at $6,420,000 after buying an additional 2,598 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Comfort Systems USA in the third quarter worth $767,000. Private Client Services LLC increased its stake 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 during the last quarter. Brown Advisory Inc. raised its holdings in Comfort Systems USA by 2,271.3% in 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. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Comfort Systems USA by 19.2% during 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. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FIX. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a report on Monday, February 23rd. DA Davidson upped their target price 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. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $1,573.67.

Insider Buying and Selling at Comfort Systems USA

In related news, Director William J. Sandbrook sold 2,500 shares of the company’s 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 transaction, the director directly owned 9,166 shares in the company, valued at $13,229,471.12. This represents a 21.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 9,365 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares in the company, valued at $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,416.96 on Friday. The company has a market cap of $49.84 billion, a PE ratio of 49.03 and a beta of 1.60. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The firm has a 50-day simple moving average of $1,340.54 and a 200 day simple moving average of $1,075.19. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. Comfort Systems USA’s revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the company posted $4.09 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

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.