Strategic Planning Group LLC Sells 408 Shares of Comfort Systems USA, Inc. $FIX

Strategic Planning Group LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,626 shares of the construction company’s stock after selling 408 shares during the period. Comfort Systems USA accounts for approximately 2.2% of Strategic Planning Group LLC’s holdings, making the stock its 12th biggest position. Strategic Planning Group LLC owned 0.05% of Comfort Systems USA worth $17,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Quent Capital LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. boosted its holdings in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $31,000. Farmers & Merchants Investments Inc. boosted 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 purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $2,028.74 on Tuesday. The stock has a market cap of $71.41 billion, a price-to-earnings ratio of 58.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a 50 day moving average price of $1,551.03 and a 200-day moving average price of $1,231.63. Comfort Systems USA, Inc. has a one year low of $446.77 and a one year high of $2,045.14.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $4.75 earnings per share. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. Equities analysts expect that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.08%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This trade represents a 10.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 56,024 shares of company stock valued at $89,864,746. 1.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. UBS Group lifted their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,923.20.

About Comfort Systems USA

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.