Diversify Wealth Management LLC Cuts Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Diversify Wealth Management cut its stake in Comfort Systems USA by 10.3% in the fourth quarter, selling 557 shares and leaving it with 4,830 shares valued at about $4.51 million.
• Wall Street sentiment remains bullish: several firms recently raised price targets, and the stock now carries a Moderate Buy consensus with an average target of $1,923.20.
• Comfort Systems USA reported strong quarterly results, with EPS of $10.51 versus the $6.81 estimate and revenue of $2.87 billion, while also increasing its quarterly dividend to $0.80 per share.

Diversify Wealth Management LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,830 shares of the construction company's stock after selling 557 shares during the quarter. Diversify Wealth Management LLC's holdings in Comfort Systems USA were worth $4,508,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company's stock worth $5,031,000 after buying an additional 4,679 shares during the period. Caerus Investment Advisors LLC acquired a new position in Comfort Systems USA during the third quarter valued at $767,000. Private Advisor Group LLC lifted its position in Comfort Systems USA by 50.1% during the third quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company's stock valued at $6,420,000 after purchasing an additional 2,598 shares during the period. Moran Wealth Management LLC lifted its position in Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company's stock valued at $26,465,000 after purchasing an additional 7,192 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Comfort Systems USA by 3,378.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company's stock valued at $79,079,000 after purchasing an additional 82,295 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on FIX. Glj Research began coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. UBS Group boosted their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a "buy" rating in a research report on Monday, April 27th. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Finally, DA Davidson boosted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,923.20.

Comfort Systems USA Trading Up 0.4%

Shares of Comfort Systems USA stock opened at $1,950.66 on Friday. The firm has a 50-day simple moving average of $1,529.16 and a two-hundred day simple moving average of $1,215.34. The company has a market cap of $68.66 billion, a P/E ratio of 56.28 and a beta of 1.70. Comfort Systems USA, Inc. has a fifty-two week low of $430.79 and a fifty-two week high of $2,018.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts' consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.75 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 2,500 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares of the company's stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 8,636 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the sale, the director directly owned 73,995 shares of the company's stock, valued at $108,962,077.20. This represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,901 shares of company stock valued at $87,618,330. Insiders own 1.24% of the company's stock.

About Comfort Systems USA

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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