Perigon Wealth Management LLC Makes New $512,000 Investment in Comfort Systems USA, Inc. $FIX

Perigon Wealth Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, Holdings Channel reports. The firm purchased 621 shares of the construction company’s stock, valued at approximately $512,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FSM Wealth Advisors LLC acquired a new position in Comfort Systems USA during the third quarter worth $217,000. Mezzasalma Advisors LLC raised its holdings in shares of Comfort Systems USA by 13.0% during the 3rd quarter. Mezzasalma Advisors LLC now owns 999 shares of the construction company’s stock worth $824,000 after acquiring an additional 115 shares during the period. Precision Wealth Strategies LLC raised its holdings in shares of Comfort Systems USA by 5.4% during the 3rd quarter. Precision Wealth Strategies LLC now owns 1,317 shares of the construction company’s stock worth $1,087,000 after acquiring an additional 67 shares during the period. CWM LLC boosted its position in shares of Comfort Systems USA by 50.8% during the 3rd quarter. CWM LLC now owns 25,531 shares of the construction company’s stock valued at $21,068,000 after acquiring an additional 8,605 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Comfort Systems USA by 52.0% in the third quarter. Pacer Advisors Inc. now owns 4,732 shares of the construction company’s stock valued at $3,905,000 after purchasing an additional 1,619 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. William Blair initiated coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Insider Buying and Selling at Comfort Systems USA

In other news, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director directly owned 22,535 shares in the company, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 1.5%

NYSE:FIX opened at $932.89 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $956.55 and its two-hundred day moving average is $778.86. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,036.67. The stock has a market capitalization of $32.90 billion, a price-to-earnings ratio of 39.50 and a beta of 1.64.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

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.