Private Advisor Group LLC Sells 1,512 Shares of Comfort Systems USA, Inc. $FIX

Private Advisor Group LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 19.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,240 shares of the construction company’s stock after selling 1,512 shares during the period. Private Advisor Group LLC’s holdings in Comfort Systems USA were worth $8,605,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Coston McIsaac & Partners increased its holdings in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Comfort Systems USA by 1.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after purchasing an additional 8 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Comfort Systems USA by 1.3% during the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Comfort Systems USA by 3.0% in the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after buying an additional 9 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,778 shares of company stock worth $59,746,124 over the last 90 days. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,741.16 on Monday. The business’s 50-day simple moving average is $1,884.63 and its 200 day simple moving average is $1,489.17. The stock has a market cap of $61.29 billion, a price-to-earnings ratio of 50.24 and a beta of 1.66. Comfort Systems USA, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue was up 56.5% on a year-over-year basis. During the same period last year, the company earned $4.75 earnings per share. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FIX. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research report on Friday, April 24th. Erste Group Bank began coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating for the company. Stifel Nicolaus upped their target price on shares of 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 increased their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Glj Research started coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $1,991.50.

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.