Drive Wealth Management LLC Takes $337,000 Position in Comfort Systems USA, Inc. $FIX

Drive Wealth Management LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 361 shares of the construction company’s stock, valued at approximately $337,000.

Other large investors also recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in Comfort Systems USA during the fourth quarter valued at approximately $2,044,000. EWA LLC lifted its position in Comfort Systems USA by 2.7% during the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after buying an additional 10 shares during the period. NewEdge Wealth LLC grew its position in Comfort Systems USA by 74.1% during the 4th quarter. NewEdge Wealth LLC now owns 397 shares of the construction company’s stock valued at $371,000 after purchasing an additional 169 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake 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 buying an additional 9 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Comfort Systems USA by 101.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,732 shares of the construction company’s stock valued at $5,350,000 after acquiring an additional 2,880 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 56,024 shares of company stock worth $89,864,746. Insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FIX shares. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Glj Research assumed coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Price Performance

FIX opened at $2,028.74 on Tuesday. 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 capitalization of $71.41 billion, a PE ratio of 58.53 and a beta of 1.70. The business’s 50-day moving average is $1,551.03 and its two-hundred day moving average is $1,231.63. Comfort Systems USA, Inc. has a 1 year low of $446.77 and a 1 year high of $2,045.14.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company earned $4.75 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given 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 is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 8.08%.

About Comfort Systems USA

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.