Comfort Systems USA, Inc. $FIX Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 75.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,172 shares of the construction company’s stock after selling 6,708 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Comfort Systems USA were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIX. Vanguard Group Inc. increased its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares during the period. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Comfort Systems USA by 1,189.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company’s stock valued at $79,525,000 after buying an additional 136,807 shares during the period. First Trust Advisors LP grew its position in Comfort Systems USA by 29.8% during the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after buying an additional 117,892 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Comfort Systems USA by 116.4% during the third quarter. Qube Research & Technologies Ltd now owns 216,715 shares of the construction company’s stock valued at $178,829,000 after buying an additional 116,578 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $1,886.97 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market cap of $66.42 billion, a price-to-earnings ratio of 54.44 and a beta of 1.70. Comfort Systems USA, Inc. has a 52-week low of $465.05 and a 52-week high of $2,073.99. The firm’s fifty day simple moving average is $1,666.57 and its two-hundred day simple moving average is $1,306.05.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate 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 revenue was up 56.5% compared to the same quarter last year. During the same period last year, the firm posted $4.75 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. 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. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. UBS Group raised their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Glj Research began coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 29,352 shares of company stock valued at $53,724,598. Insiders own 1.24% of the company’s stock.

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.