Harbor Capital Advisors Inc. Sells 6,597 Shares of Comfort Systems USA, Inc. $FIX

by · The Markets Daily

Harbor Capital Advisors Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 71.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,689 shares of the construction company’s stock after selling 6,597 shares during the period. Harbor Capital Advisors Inc.’s holdings in Comfort Systems USA were worth $2,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its holdings in Comfort Systems USA by 89.7% in the 4th quarter. Perigon Wealth Management LLC now owns 1,178 shares of the construction company’s stock valued at $1,100,000 after buying an additional 557 shares during the period. Balboa Wealth Partners lifted its holdings in shares of Comfort Systems USA by 4.6% during the 4th quarter. Balboa Wealth Partners now owns 362 shares of the construction company’s stock worth $338,000 after acquiring an additional 16 shares during the period. Aberdeen Group plc acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $2,066,000. Earned Wealth Advisors LLC increased its stake in Comfort Systems USA by 14.6% in the fourth quarter. Earned Wealth Advisors LLC now owns 936 shares of the construction company’s stock valued at $874,000 after acquiring an additional 119 shares during the last quarter. Finally, Wall Street Financial Group Inc. bought a new position in Comfort Systems USA in the fourth quarter valued at approximately $497,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FIX shares. DA Davidson boosted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. One 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 company. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,573.67.

View Our Latest Stock Analysis on FIX

Insider Buying and Selling

In related news, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction that occurred on 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 owned 73,995 shares in the company, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,288 shares of company stock valued at $53,677,038 over the last three months. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

NYSE FIX opened at $1,416.96 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a market cap of $49.84 billion, a price-to-earnings ratio of 49.03 and a beta of 1.60. The business’s fifty day moving average is $1,340.54 and its 200 day moving average is $1,075.19.

Comfort Systems USA (NYSE:FIXGet Free Report) 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. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Profile

(Free Report)

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.

Further Reading

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