XML Financial LLC Takes $412,000 Position in Comfort Systems USA, Inc. $FIX

XML Financial LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 299 shares of the construction company’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. Ameriflex Group Inc. boosted its position in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $33,000. Farmers & Merchants Investments Inc. lifted its position in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FIX. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Glj Research started coverage on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Erste Group Bank began coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Finally, UBS Group upped 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 note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,991.50.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer owned 33,804 shares in the company, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,078 shares of company stock worth $46,651,175 in the last ninety days. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 7.7%

Shares of NYSE FIX opened at $1,907.91 on Wednesday. The stock has a market cap of $67.16 billion, a price-to-earnings ratio of 55.05 and a beta of 1.65. The business has a 50 day simple moving average of $1,848.14 and a 200 day simple moving average of $1,438.81. Comfort Systems USA, Inc. has a 52 week low of $504.75 and a 52 week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for 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 company’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.75 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

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.