Yousif Capital Management LLC Sells 1,367 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Yousif Capital Management LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,062 shares of the construction company’s stock after selling 1,367 shares during the period. Yousif Capital Management LLC’s holdings in Comfort Systems USA were worth $3,509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in Comfort Systems USA by 6.6% during the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock worth $13,366,000 after purchasing an additional 4,031 shares in the last quarter. State of Michigan Retirement System purchased a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $1,769,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $1,194,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Comfort Systems USA by 131.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after buying an additional 2,780 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIX has been the topic of a number of research analyst reports. DA Davidson boosted their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, UBS Group boosted their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the sale, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,614 shares of company stock worth $13,739,345. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $302.00 on Friday. Comfort Systems USA, Inc. has a 12 month low of $133.24 and a 12 month high of $335.25. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $303.25 and its 200 day simple moving average is $234.88. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 29.90 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 29.68% and a net margin of 6.51%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 0.40%. Comfort Systems USA’s dividend payout ratio is presently 9.90%.

About Comfort Systems USA

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.