Lord Abbett & CO. LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,580 shares of the construction company’s stock after selling 2,167 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Comfort Systems USA were worth $253,463,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Ameriflex Group Inc. grew its position in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the fourth quarter valued at $28,000. Farmers & Merchants Investments Inc. grew its position in Comfort Systems USA by 29.0% during the fourth 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 during the period. JFS Wealth Advisors LLC grew its position in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares during the period. Finally, ORG Partners LLC grew its position in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.
Comfort Systems USA Stock Performance
FIX opened at $1,877.52 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market cap of $66.09 billion, a price-to-earnings ratio of 54.17 and a beta of 1.65. Comfort Systems USA, Inc. has a 52-week low of $489.54 and a 52-week high of $2,073.99. The firm’s fifty day simple moving average is $1,781.45 and its two-hundred day simple moving average is $1,386.40.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.
Analysts Set New Price Targets
Several research firms recently commented on FIX. Erste Group Bank began coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Oppenheimer began coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Finally, DA Davidson raised their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,991.50.
Check Out Our Latest Research Report on Comfort Systems USA
Insider Buying and Selling at Comfort Systems USA
In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the transaction, the director directly owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.
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.
See Also
- Five stocks we like better than Comfort Systems USA
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX – Free Report).
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.
