Kingsview Wealth Management LLC Sells 392 Shares of Comfort Systems USA, Inc. $FIX

Kingsview Wealth Management LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 847 shares of the construction company’s stock after selling 392 shares during the period. Kingsview Wealth Management LLC’s holdings in Comfort Systems USA were worth $791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriflex Group Inc. boosted its stake in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares in the last quarter. ORG Partners LLC lifted its stake in Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $42,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Down 2.4%

Comfort Systems USA stock opened at $1,783.45 on Tuesday. The firm has a market capitalization of $62.78 billion, a price-to-earnings ratio of 51.46 and a beta of 1.66. Comfort Systems USA, Inc. has a 12-month low of $465.05 and a 12-month high of $2,073.99. The firm has a 50 day moving average of $1,699.15 and a 200 day moving average of $1,330.69. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIXGet Free Report) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company earned $4.75 EPS. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts predict that Comfort Systems USA, Inc. will post 43.38 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FIX shares. DA Davidson upped 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. Oppenheimer started coverage on Comfort Systems USA in a research report on Thursday. They set an “outperform” rating and a $2,200.00 price objective for the company. Stifel Nicolaus boosted their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. UBS Group upped their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Glj Research began coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus price target of $1,969.33.

View Our Latest Research Report on Comfort Systems USA

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 24,078 shares of company stock worth $46,651,175. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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