Comfort Systems USA, Inc. $FIX Shares Sold by Insight Wealth Strategies LLC

Key Points

• Insight Wealth Strategies reduced its Comfort Systems USA stake by 14.7% in the second quarter, selling 801 shares and retaining 4,636 shares valued at approximately $8.65 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported quarterly EPS of $12.53, exceeding estimates of $10.45, while revenue rose 50.3% year over year to $3.27 billion. The company also increased its quarterly dividend from $0.80 to $0.90 per share.
• Analysts remain broadly positive, with the stock carrying an average “Buy” rating and an average price target of $2,057.86, above its reported trading price of $1,688.

Insight Wealth Strategies LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,636 shares of the construction company's stock after selling 801 shares during the period. Insight Wealth Strategies LLC's holdings in Comfort Systems USA were worth $8,647,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $33,000. Carolina Wealth Advisors LLC grew its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after acquiring an additional 7 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after acquiring an additional 9 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in shares of Comfort Systems USA in the 1st quarter worth $46,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Up 0.8%

NYSE FIX opened at $1,688.00 on Wednesday. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month 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 stock has a market cap of $59.40 billion, a price-to-earnings ratio of 41.52 and a beta of 1.69. The firm's 50 day moving average price is $1,800.41 and its two-hundred day moving average price is $1,625.42.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company's revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is presently 7.87%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FIX shares. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price for the company. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. UBS Group boosted their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Finally, Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and an average target price of $2,057.86.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. 1.24% of the stock is currently owned by 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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