1,028 Shares in Comfort Systems USA, Inc. $FIX Bought by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management purchased 1,028 shares of Comfort Systems USA valued at approximately $2.04 million, while institutional investors collectively own 96.51% of the company.
• Analysts maintain a favorable outlook, with an average rating of “Buy” and an average price target of $2,082.86.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 exceeding estimates and revenue rising 50.3% year over year to $3.27 billion.

Kingsview Wealth Management LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,028 shares of the construction company's stock, valued at approximately $2,038,000.

Several other institutional investors have also recently made changes to their positions in the stock. Beacon Pointe Advisors LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth about $1,308,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $1,743,000. Glenview Trust Co bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $319,000. Empowered Funds LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $57,223,000. Finally, United Capital Financial Advisors LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $2,630,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FIX shares. Erste Group Bank cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price objective on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Friday, July 17th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $2,082.86.

Comfort Systems USA Trading Down 6.0%

Shares of FIX stock opened at $1,518.08 on Friday. Comfort Systems USA, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a 50-day simple moving average of $1,747.26 and a two-hundred day simple moving average of $1,669.40. The company has a market capitalization of $53.42 billion, a price-to-earnings ratio of 37.34 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the firm earned $6.53 EPS. The company's quarterly revenue was up 50.3% compared to the same quarter last year. Research analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other Comfort Systems USA 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 value of $25,769,957.04. Following the completion of the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the firm's stock in a transaction on 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 sale, the director directly owned 8,495 shares of the company's stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is owned by company 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.

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