Sigma Planning Corp Buys 494 Shares of Comfort Systems USA, Inc. $FIX

Sigma Planning Corp boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 57.0% during the first quarter, HoldingsChannel reports. The firm owned 1,361 shares of the construction company’s stock after buying an additional 494 shares during the period. Sigma Planning Corp’s holdings in Comfort Systems USA were worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $28,000. CENTRAL TRUST Co bought a new stake in shares of Comfort Systems USA during the 1st quarter worth $46,000. Ascentis Independent Advisors purchased a new position in Comfort Systems USA in the first quarter worth $46,000. Brown Lisle Cummings Inc. bought a new position in Comfort Systems USA in the first quarter valued at $47,000. Finally, Kemnay Advisory Services Inc. bought a new position in Comfort Systems USA in the fourth quarter valued at $33,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research note on Friday, April 24th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Finally, 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 research note on Thursday, April 16th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,015.43.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,681.50 on Friday. The firm has a fifty day simple moving average of $1,867.00 and a two-hundred day simple moving average of $1,539.29. 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, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The company has a market capitalization of $59.19 billion, a PE ratio of 48.51 and a beta of 1.66.

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, beating analysts’ consensus estimates of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the firm earned $4.75 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. This is an increase 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 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 30,778 shares of company stock valued at $59,746,124. Insiders own 1.24% of the company’s stock.

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.