Peterson Wealth Services Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Peterson Wealth Services lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,114 shares of the construction company’s stock after selling 160 shares during the quarter. Comfort Systems USA accounts for about 1.4% of Peterson Wealth Services’ investment portfolio, making the stock its 22nd biggest holding. Peterson Wealth Services’ holdings in Comfort Systems USA were worth $3,315,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth $26,000. Point72 Asset Management L.P. bought a new stake in shares of Comfort Systems USA in the second quarter worth $35,000. AdvisorNet Financial Inc grew its holdings in shares of Comfort Systems USA by 2,410.0% in the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after acquiring an additional 241 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of Comfort Systems USA in the third quarter worth $59,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the transaction, the director now directly owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,614 shares of company stock valued at $13,739,345. Company insiders own 2.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FIX shares. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson lifted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. UBS Group lifted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, KeyCorp assumed coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $3.51 during mid-day trading on Thursday, hitting $303.15. 26,028 shares of the company traded hands, compared to its average volume of 347,080. The stock’s fifty day moving average price is $295.24 and its 200-day moving average price is $228.33. Comfort Systems USA, Inc. has a one year low of $129.77 and a one year high of $335.25. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 33.33 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Comfort Systems USA’s revenue for the quarter was up 21.5% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

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.