Alliance Wealth Advisors LLC UT Sells 1,382 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Alliance Wealth Advisors LLC UT cut its stake in Comfort Systems USA by 48.3% in Q4, selling 1,382 shares and retaining 1,479 shares valued at about $1.38 million.
• Company insiders have been net sellers recently — SVP Terrence Reed sold 1,116 shares (~$1.56M) and Director William Sandbrook sold 1,500 shares (~$2.60M), with insiders disposing of 39,288 shares worth roughly $57.17M over the past 90 days.
• Comfort Systems reported a strong quarter (EPS of $10.51 vs. $6.81 expected; revenue $2.87B, up 56.5% YoY), raised its quarterly dividend to $0.80, and saw analysts lift price targets to a consensus around $1,923.

Alliance Wealth Advisors LLC UT reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,479 shares of the construction company's stock after selling 1,382 shares during the period. Alliance Wealth Advisors LLC UT's holdings in Comfort Systems USA were worth $1,380,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FIX. Quent Capital LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at $25,000. Ameriflex Group Inc. grew its holdings in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth about $31,000. JFS Wealth Advisors LLC boosted its position 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 buying an additional 10 shares in the last quarter. Finally, ORG Partners LLC grew its stake in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock worth $41,000 after buying an additional 17 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In other Comfort Systems USA news, SVP Terrence Reed sold 1,116 shares of the business's stock in a transaction dated 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 directly owned 2,834 shares of the company's stock, valued at $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 available through this link. Also, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,288 shares of company stock valued at $57,165,933 over the last ninety days. Insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Up 1.3%

Shares of Comfort Systems USA stock opened at $1,891.64 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 company has a market capitalization of $66.59 billion, a P/E ratio of 54.58 and a beta of 1.70. The business has a 50-day moving average of $1,497.63 and a two-hundred day moving average of $1,191.27. Comfort Systems USA, Inc. has a 1 year low of $422.53 and a 1 year high of $1,905.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.75 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's payout ratio is 8.08%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIX. DA Davidson raised their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. UBS Group lifted their price target on 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 increased their price objective 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. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price objective for the company in a research report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus target price of $1,923.20.

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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