B. Riley Wealth Advisors Inc. Purchases New Position in Comfort Systems USA, Inc. $FIX

Key Points

• B. Riley Wealth Advisors acquired 937 shares of Comfort Systems USA valued at approximately $1.55 million, while institutional investors collectively own 96.51% of the company.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $2,082.86. The company recently exceeded quarterly earnings and revenue estimates, reporting $12.53 EPS and $3.27 billion in revenue.
• Company insiders sold 26,078 shares worth approximately $43.2 million over the last quarter, while Comfort Systems USA increased its quarterly dividend to $0.90 per share, or $3.60 annually.

B. Riley Wealth Advisors Inc. acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 937 shares of the construction company's stock, valued at approximately $1,550,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Equity Partners LLC boosted its holdings in Comfort Systems USA by 16.7% in 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 in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Comfort Systems USA by 1.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock worth $636,000 after acquiring an additional 6 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Comfort Systems USA by 3.4% during the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company's stock worth $303,000 after acquiring an additional 6 shares in the last quarter. LifeGoal Investments LLC boosted its stake in shares of Comfort Systems USA by 1.9% during the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company's stock worth $519,000 after acquiring an additional 6 shares in the last quarter. Finally, Coston McIsaac & Partners increased its holdings in shares of Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reissued a "buy" rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. KeyCorp lifted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Erste Group Bank lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Finally, The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,082.86.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 16,024 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a filing 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 that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director owned 8,495 shares of the company's stock, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 over the last quarter. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,538.84 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a one year low of $770.47 and a one year high of $2,073.99. The company has a fifty day moving average price of $1,652.73 and a 200 day moving average price of $1,730.07. The stock has a market cap of $54.15 billion, a P/E ratio of 37.85 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) 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. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business posted $6.53 EPS. The business's quarterly revenue was up 50.3% on a year-over-year basis. Analysts anticipate that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company Profile

Comfort Systems USA, Inc NYSE: FIX provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company's services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

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