Marks Group Wealth Management Inc Takes Position in Comfort Systems USA, Inc. $FIX

Marks Group Wealth Management Inc acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 361 shares of the construction company’s stock, valued at approximately $298,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC boosted its stake in Comfort Systems USA by 1.0% during the third quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock worth $1,036,000 after buying an additional 13 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Comfort Systems USA by 0.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock worth $1,220,000 after acquiring an additional 13 shares during the period. Wedmont Private Capital lifted its holdings in shares of Comfort Systems USA by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after acquiring an additional 18 shares during the period. Ballentine Partners LLC boosted its position in shares of Comfort Systems USA by 2.2% during the 3rd quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock valued at $741,000 after acquiring an additional 19 shares in the last quarter. Finally, Archer Investment Corp increased its stake in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the sale, the senior vice president directly owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a research note on Monday. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reissued a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,409.67 on Tuesday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,476.94. The stock has a market cap of $49.58 billion, a PE ratio of 48.78 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm’s 50 day moving average price is $1,116.07 and its two-hundred day moving average price is $939.47.

Comfort Systems USA (NYSE:FIX) last posted its earnings results 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. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $4.09 EPS. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.30%.

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.