Kestra Private Wealth Services LLC Sells 202 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Kestra Private Wealth Services LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,411 shares of the construction company’s stock after selling 202 shares during the period. Kestra Private Wealth Services LLC’s holdings in Comfort Systems USA were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Comfort Systems USA by 18.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company’s stock valued at $1,265,000 after purchasing an additional 1,175 shares during the period. Advisor Partners II LLC raised its holdings in Comfort Systems USA by 73.6% in the 3rd quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company’s stock valued at $568,000 after acquiring an additional 1,414 shares during the period. Park Avenue Securities LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $930,000. Portside Wealth Group LLC boosted its holdings in shares of Comfort Systems USA by 3.6% during the third quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock worth $368,000 after acquiring an additional 74 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Comfort Systems USA by 99.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company’s stock worth $14,208,000 after acquiring an additional 41,527 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 14,185 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $315.03 on Monday. The firm has a market cap of $11.25 billion, a PE ratio of 31.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The stock’s fifty day moving average price is $308.87 and its two-hundred day moving average price is $240.55. Comfort Systems USA, Inc. has a one year low of $144.45 and a one year high of $335.25.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $1.51 earnings per share. Comfort Systems USA’s revenue was up 30.8% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s payout ratio is presently 9.90%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group lifted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. DA Davidson lifted their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Profile

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.