Integrated Wealth Concepts LLC Sells 395 Shares of Comfort Systems USA, Inc. $FIX

Integrated Wealth Concepts LLC reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,868 shares of the construction company’s stock after selling 395 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Comfort Systems USA were worth $9,649,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Signature Equity Partners LLC increased its stake in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after purchasing an additional 5 shares during the period. Capital Advisors Inc. OK boosted its stake in Comfort Systems USA by 1.9% in the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after purchasing an additional 6 shares during the period. Coston McIsaac & Partners increased its position in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after buying an additional 7 shares during the period. Petra Financial Advisors Inc. lifted its holdings in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after buying an additional 7 shares in the last quarter. Finally, Carolina Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIX. Oppenheimer began coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. UBS Group set a $2,100.00 price target on shares of Comfort Systems USA in a research report on Thursday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Finally, KeyCorp raised their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,591.05 on Friday. The firm has a 50 day moving average of $1,687.07 and a 200-day moving average of $1,687.89. Comfort Systems USA, Inc. has a 12 month low of $751.85 and a 12 month high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $55.99 billion, a PE ratio of 39.13 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the business posted $6.53 EPS. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.