Comfort Systems USA, Inc. $FIX Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.8% during the 4th quarter, HoldingsChannel reports. The fund owned 3,480 shares of the construction company’s stock after buying an additional 526 shares during the period. Krilogy Financial LLC’s holdings in Comfort Systems USA were worth $3,248,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $25,000. Quent Capital LLC acquired a new position in Comfort Systems USA in the third quarter worth about $25,000. Ameriflex Group Inc. increased its holdings in Comfort Systems USA by 100.0% in 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 last quarter. Eastern Bank bought a new stake in Comfort Systems USA in the third quarter valued at about $31,000. Finally, JFS Wealth Advisors LLC raised its stake 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 in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 2.0%

Comfort Systems USA stock opened at $1,683.83 on Tuesday. Comfort Systems USA, Inc. has a 52-week low of $321.95 and a 52-week high of $1,685.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $59.24 billion, a price-to-earnings ratio of 58.26 and a beta of 1.60. The firm has a 50-day moving average price of $1,430.32 and a two-hundred day moving average price of $1,139.50.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.09 earnings per share. Sell-side analysts expect that Comfort Systems USA, Inc. will post 37.06 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. 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. Comfort Systems USA’s dividend payout ratio is 9.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FIX shares. UBS Group reiterated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. DA Davidson boosted 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. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,732.50.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by insiders.

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.