Kestra Advisory Services LLC Boosts Stake in Comfort Systems USA, Inc. $FIX

Key Points

• Kestra Advisory Services LLC increased its holdings in Comfort Systems USA, Inc. by 10.2% in the first quarter, now owning 3,898 shares worth approximately $1.26 million.
• Several institutional investors boosted their positions significantly, with Tradewinds Capital Management increasing its stake by 49.1% during the same period.
• Comfort Systems USA recently announced a dividend increase to $0.50 per share, up from the previous $0.45, reflecting a commitment to returning value to shareholders.

Kestra Advisory Services LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,898 shares of the construction company's stock after purchasing an additional 362 shares during the period. Kestra Advisory Services LLC's holdings in Comfort Systems USA were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth $31,000. Versant Capital Management Inc lifted its position in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after acquiring an additional 67 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $34.02 on Friday, reaching $689.93. The company's stock had a trading volume of 197,771 shares, compared to its average volume of 462,948. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24. The company has a market capitalization of $24.34 billion, a P/E ratio of 35.44 and a beta of 1.54. The stock's 50 day simple moving average is $634.99 and its 200-day simple moving average is $484.17.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the business posted $3.74 earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,283 shares of company stock valued at $17,627,965. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FIX has been the topic of several recent research reports. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Stifel Nicolaus increased their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, UBS Group increased their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and a consensus target price of $635.60.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.