Comfort Systems USA, Inc. $FIX Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,505 shares of the construction company’s stock after selling 429 shares during the period. Comfort Systems USA makes up about 1.4% of Davidson Capital Management Inc.’s holdings, making the stock its 7th largest holding. Davidson Capital Management Inc.’s holdings in Comfort Systems USA were worth $6,193,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Comfort Systems USA by 41.1% during the first 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 period. Focus Partners Wealth lifted its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of 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 worth $579,000 after buying an additional 313 shares during the period. Assetmark Inc. boosted its holdings in shares of Comfort Systems USA by 94.2% during the 2nd quarter. Assetmark Inc. now owns 600 shares of the construction company’s stock worth $322,000 after buying an additional 291 shares during the period. Finally, Atria Investments Inc grew its stake in Comfort Systems USA by 7.8% in the 2nd quarter. Atria Investments Inc now owns 3,118 shares of the construction company’s stock valued at $1,672,000 after buying an additional 226 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the sale, the insider directly owned 171,523 shares in the company, valued at approximately $249,243,501.76. The trade was a 5.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,001 shares of company stock worth $44,976,027 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,429.71 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,500.00. The company has a market capitalization of $50.28 billion, a P/E ratio of 49.47 and a beta of 1.63. The stock has a 50 day moving average of $1,185.24 and a two-hundred day moving average of $973.90. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The business had revenue of $2.65 billion for 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%.Comfort Systems USA’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.09 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is currently 8.30%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group reissued a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a research report on Monday, February 23rd. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA 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.