Meritage Portfolio Management Sells 2,813 Shares of Comfort Systems USA, Inc. $FIX

Meritage Portfolio Management lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 46.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,286 shares of the construction company’s stock after selling 2,813 shares during the period. Meritage Portfolio Management’s holdings in Comfort Systems USA were worth $2,712,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FIX. Toth Financial Advisory Corp purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA in the third quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter worth about $27,000. Eastern Bank bought a new stake in Comfort Systems USA during the third quarter worth approximately $31,000. Finally, Avion Wealth raised its position in Comfort Systems USA by 1,800.0% during the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock valued at $47,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. DA Davidson restated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Stock Performance

FIX stock opened at $1,091.68 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 business’s fifty day simple moving average is $968.21 and its two-hundred day simple moving average is $815.46. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,114.61. The firm has a market cap of $38.50 billion, a price-to-earnings ratio of 46.22 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.09 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. The trade was a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by corporate insiders.

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.