564 Shares in Comfort Systems USA, Inc. $FIX Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 564 shares of the construction company's stock, valued at approximately $526,000.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. increased its stake in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after buying an additional 15 shares during the period. Eastern Bank bought a new stake in Comfort Systems USA in the third quarter valued at $31,000. JFS Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock valued at $41,000 after acquiring an additional 10 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock valued at $41,000 after acquiring an additional 17 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,968.68 on Wednesday. Comfort Systems USA, Inc. has a 12 month low of $422.53 and a 12 month high of $2,003.65. The stock has a market cap of $69.30 billion, a PE ratio of 56.80 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $1,507.75 and its 200-day moving average price is $1,199.25.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS 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 firm 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 business posted $4.75 EPS. The company's quarterly revenue was up 56.5% on a year-over-year basis. On average, equities analysts expect that Comfort Systems USA, Inc. will post 43.42 EPS 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 issued a dividend of $0.80 per share. This is a boost 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 dividend payout ratio (DPR) is presently 8.08%.

Analyst Ratings Changes

FIX has been the topic of several recent analyst reports. Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price target on the stock. UBS Group lifted their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a report on Monday, April 27th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "buy" rating to a "strong-buy" rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and an average price target of $1,923.20.

Insider Activity

In other news, SVP Terrence Reed sold 1,116 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the sale, the senior vice president owned 2,834 shares in the company, valued at approximately $3,960,033.22. The trade was a 28.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 500 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the sale, the director owned 3,000 shares in the company, valued at approximately $5,339,340. This trade represents a 14.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,288 shares of company stock worth $57,165,933. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company 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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