Greenwood Capital Associates LLC Sells 690 Shares of Comfort Systems USA, Inc. $FIX

Greenwood Capital Associates LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 50.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687 shares of the construction company’s stock after selling 690 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Comfort Systems USA were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FIX. Jones Financial Companies Lllp lifted its stake in shares of Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after buying an additional 832,999 shares during the last quarter. Norges Bank bought a new position in Comfort Systems USA in the 2nd quarter valued at about $256,998,000. AQR Capital Management LLC raised its holdings in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after acquiring an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after acquiring an additional 239,692 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Comfort Systems USA during the second quarter worth approximately $114,551,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group upped their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. DA Davidson reiterated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, William Blair initiated coverage on shares of Comfort Systems USA in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Trading Up 0.6%

FIX opened at $963.68 on Friday. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 40.80 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,036.67. The company has a 50-day simple moving average of $946.98 and a 200 day simple moving average of $768.42.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Insider Activity

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

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.