Comfort Systems USA, Inc. $FIX Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 43.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,007 shares of the construction company’s stock after selling 3,049 shares during the period. Hunter Associates Investment Management LLC’s holdings in Comfort Systems USA were worth $2,149,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth about $27,000. Stone House Investment Management LLC acquired a new position in Comfort Systems USA during the 1st quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Comfort Systems USA by 54.4% during the 1st 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. Brooklyn Investment Group lifted its stake in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Comfort Systems USA during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group increased their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $965.68 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The firm has a market capitalization of $34.06 billion, a PE ratio of 40.88 and a beta of 1.58. The stock’s 50-day simple moving average is $805.89 and its 200-day simple moving average is $626.32.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million for the quarter. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 10.16%.

Insider Activity

In related news, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the transaction, the director owned 30,574 shares in the company, valued at $30,990,417.88. This trade represents a 6.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director owned 82,901 shares in the company, valued at $83,454,778.68. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,883 shares of company stock worth $25,131,791 over the last ninety days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Company 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.