Parcion Private Wealth LLC Buys 445 Shares of Comfort Systems USA, Inc. $FIX

Parcion Private Wealth LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 64.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,131 shares of the construction company’s stock after purchasing an additional 445 shares during the quarter. Parcion Private Wealth LLC’s holdings in Comfort Systems USA were worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. NewEdge Advisors LLC lifted its holdings in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth boosted its stake in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC boosted its stake in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the period. WINTON GROUP Ltd bought a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $567,000. Finally, Sei Investments Co. boosted its stake in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 17,839 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO William George III sold 9,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. This represents a 19.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the completion of the transaction, the insider owned 171,523 shares in the company, valued at $249,243,501.76. The trade was a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,288 shares of company stock worth $53,677,038 in the last 90 days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Down 0.1%

Shares of FIX opened at $1,649.38 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $321.95 and a 1 year high of $1,671.95. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $1,404.65 and a 200-day simple moving average of $1,120.04. The stock has a market cap of $58.03 billion, a PE ratio of 57.07 and a beta of 1.60.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $4.09 EPS. Comfort Systems USA’s quarterly revenue was up 41.7% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is currently 9.69%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a report on Monday, February 23rd. Finally, DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $1,573.67.

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.