Vise Technologies Inc. Boosts Stake in Comfort Systems USA, Inc. $FIX

Vise Technologies Inc. grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 139.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 752 shares of the construction company’s stock after acquiring an additional 438 shares during the period. Vise Technologies Inc.’s holdings in Comfort Systems USA were worth $702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. grew 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 worth $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Farmers & Merchants Investments Inc. grew 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 worth $37,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 6.4%

Comfort Systems USA stock opened at $1,713.52 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $1,763.06 and its two-hundred day simple moving average is $1,376.26. Comfort Systems USA, Inc. has a 12 month low of $486.73 and a 12 month high of $2,073.99. The company has a market capitalization of $60.32 billion, a price-to-earnings ratio of 49.44 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the company posted $4.75 earnings per share. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the 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 sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 1,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,078 shares of company stock worth $46,651,175. Insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Erste Group Bank assumed coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,991.50.

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.