SteelPeak Wealth LLC Lowers Position in Comfort Systems USA, Inc. $FIX

SteelPeak Wealth LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,559 shares of the construction company’s stock after selling 783 shares during the period. SteelPeak Wealth LLC’s holdings in Comfort Systems USA were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of 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 acquiring an additional 993 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Comfort Systems USA by 110.6% during the first 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 in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 811.9% in the second quarter. EverSource Wealth Advisors LLC now owns 921 shares of the construction company’s stock valued at $494,000 after buying an additional 820 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Comfort Systems USA by 95.5% in the second quarter. Baird Financial Group Inc. now owns 11,026 shares of the construction company’s stock valued at $5,912,000 after buying an additional 5,386 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

Shares of FIX opened at $1,416.96 on Friday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The firm has a market capitalization of $49.83 billion, a P/E ratio of 49.03 and a beta of 1.60. The firm has a 50-day moving average price of $1,340.54 and a 200 day moving average price of $1,077.27. 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 issued its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.09 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed 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 boost 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%. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s payout ratio is currently 9.69%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 9,365 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 171,523 shares in the company, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the sale, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,288 shares of company stock valued at $53,677,038 in the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group restated 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. DA Davidson increased 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 report on Monday, February 23rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,573.67.

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.