Moran Wealth Management LLC Sells 17,003 Shares of Comfort Systems USA, Inc. $FIX

Moran Wealth Management LLC lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 60.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,354 shares of the construction company’s stock after selling 17,003 shares during the quarter. Moran Wealth Management LLC’s holdings in Comfort Systems USA were worth $15,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FIX. New York State Teachers Retirement System lifted its stake in shares of Comfort Systems USA by 2.7% in the 1st quarter. New York State Teachers Retirement System now owns 30,665 shares of the construction company’s stock worth $42,287,000 after purchasing an additional 800 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Comfort Systems USA during the first quarter valued at approximately $2,438,000. Leonteq Securities AG grew its position in Comfort Systems USA by 633.3% during the first quarter. Leonteq Securities AG now owns 44 shares of the construction company’s stock valued at $61,000 after buying an additional 38 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Comfort Systems USA by 31.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,400 shares of the construction company’s stock valued at $21,236,000 after buying an additional 3,720 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in Comfort Systems USA by 20.8% during the first quarter. Elevation Point Wealth Partners LLC now owns 314 shares of the construction company’s stock valued at $433,000 after buying an additional 54 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $1,741.16 on Friday. The company has a 50 day simple moving average of $1,884.63 and a two-hundred day simple moving average of $1,485.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The firm has a market cap of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. Comfort Systems USA, Inc. has a 1-year low of $513.99 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company earned $4.75 EPS. Comfort Systems USA’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Transactions at Comfort Systems USA

In related news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FIX shares. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. UBS Group upped their price objective on 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. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

Comfort Systems USA 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.