Comfort Systems USA, Inc. $FIX Shares Sold by Spire Wealth Management

Spire Wealth Management cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 39.1% during the second quarter, HoldingsChannel reports. The firm owned 612 shares of the construction company’s stock after selling 393 shares during the period. Spire Wealth Management’s holdings in Comfort Systems USA were worth $328,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the second quarter valued at $27,000. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares during the period. Brooklyn Investment Group increased its stake in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth about $50,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 35,883 shares of company stock valued at $28,966,671. 1.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FIX shares. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $819.20.

Comfort Systems USA Stock Up 1.2%

FIX stock opened at $977.58 on Tuesday. The company has a market cap of $34.48 billion, a P/E ratio of 41.39 and a beta of 1.58. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The company’s 50-day moving average price is $811.63 and its 200 day moving average price is $630.75. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The firm had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s payout ratio is presently 10.16%.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.