Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Private Client Services LLC

Private Client Services LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,899 shares of the construction company’s stock after selling 788 shares during the quarter. Comfort Systems USA comprises about 1.1% of Private Client Services LLC’s investment portfolio, making the stock its 24th biggest position. Private Client Services LLC’s holdings in Comfort Systems USA were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA in the 3rd quarter worth about $138,987,000. Millennium Management LLC boosted its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Jennison Associates LLC grew its holdings in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC increased its position in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after purchasing an additional 119,033 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Comfort Systems USA during the second quarter worth approximately $29,743,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 0.7 %

Comfort Systems USA stock traded down $3.16 during midday trading on Wednesday, hitting $449.60. 191,301 shares of the stock were exchanged, compared to its average volume of 336,727. Comfort Systems USA, Inc. has a 1 year low of $194.30 and a 1 year high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $16.00 billion, a P/E ratio of 34.40 and a beta of 1.23. The company has a 50 day moving average price of $453.97 and a two-hundred day moving average price of $384.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was up 31.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 10.71%.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 in the last ninety days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

FIX has been the topic of several research reports. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $493.50.

Comfort Systems USA 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.