Perigon Wealth Management LLC Buys 557 Shares of Comfort Systems USA, Inc. $FIX

Perigon Wealth Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 89.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,178 shares of the construction company’s stock after purchasing an additional 557 shares during the quarter. Perigon Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares during the last quarter. Focus Partners Wealth boosted its holdings in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Comfort Systems USA by 811.9% in the second quarter. EverSource Wealth Advisors LLC now owns 921 shares of the construction company’s stock worth $494,000 after purchasing an additional 820 shares during the period. Finally, Baird Financial Group Inc. increased its position in Comfort Systems USA by 95.5% in the second quarter. Baird Financial Group Inc. now owns 11,026 shares of the construction company’s stock worth $5,912,000 after purchasing an additional 5,386 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,431.93 on Tuesday. The stock has a market cap of $50.37 billion, a P/E ratio of 49.55 and a beta of 1.60. Comfort Systems USA, Inc. has a 1 year low of $281.52 and a 1 year high of $1,500.00. The stock’s 50-day moving average price is $1,346.61 and its two-hundred day moving average price is $1,083.93. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the company posted $4.09 EPS. Comfort Systems USA’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.69%.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIX shares. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,573.67.

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.