Blue Grotto Capital LLC Sells 40,006 Shares of Comfort Systems USA, Inc. $FIX

Blue Grotto Capital LLC lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 41.8% during the fourth quarter, Holdings Channel reports. The firm owned 55,601 shares of the construction company’s stock after selling 40,006 shares during the period. Comfort Systems USA makes up about 5.3% of Blue Grotto Capital LLC’s holdings, making the stock its 6th biggest holding. Blue Grotto Capital LLC’s holdings in Comfort Systems USA were worth $51,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FIX. NewEdge Advisors LLC raised its stake in shares of Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares during the period. Focus Partners Wealth raised its stake in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at $567,000. Finally, Sei Investments Co. raised its stake in shares of Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating on the stock. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, DA Davidson lifted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $1,991.50.

Insider Activity

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the transaction, the director directly owned 7,666 shares of the company’s stock, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last three months. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 3.9%

NYSE FIX opened at $1,951.63 on Tuesday. Comfort Systems USA, Inc. has a one year low of $489.98 and a one year high of $2,073.99. The company has a 50-day simple moving average of $1,792.15 and a 200-day simple moving average of $1,396.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market capitalization of $68.70 billion, a PE ratio of 56.31 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.75 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.23%.

About Comfort Systems USA

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.