Ritholtz Wealth Management Purchases 344 Shares of Comfort Systems USA, Inc. $FIX

Ritholtz Wealth Management boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,067 shares of the construction company’s stock after acquiring an additional 344 shares during the quarter. Ritholtz Wealth Management’s holdings in Comfort Systems USA were worth $6,988,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIX. Ameriflex Group Inc. boosted its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $28,000. CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $46,000. Brown Lisle Cummings Inc. bought a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $47,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. UBS Group increased their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. 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. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. 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’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Stock Up 2.2%

FIX stock opened at $1,950.12 on Thursday. The business’s 50-day moving average price is $1,854.59 and its 200-day moving average price is $1,445.48. The stock has a market cap of $68.64 billion, a P/E ratio of 56.26 and a beta of 1.65. 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 $507.57 and a twelve month high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

About Comfort Systems USA

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.