Deroy & Devereaux Private Investment Counsel Inc. Cuts Stock Position in Comfort Systems USA, Inc. $FIX

Deroy & Devereaux Private Investment Counsel Inc. cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 29.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,615 shares of the construction company’s stock after selling 2,819 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Comfort Systems USA were worth $5,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FIX. Westfield Capital Management Co. LP grew its position in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after buying an additional 46,773 shares during the last quarter. Geode Capital Management LLC boosted its stake in Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after acquiring an additional 3,032 shares in the last quarter. AQR Capital Management LLC grew its holdings in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Comfort Systems USA by 3.4% during the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after purchasing an additional 17,469 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $256,998,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. UBS Group boosted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the transaction, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. The trade was a 15.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the sale, the director owned 4,000 shares in the company, valued at $4,021,640. The trade was a 38.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,028 shares of company stock valued at $25,381,151 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 3.7%

Shares of NYSE:FIX opened at $1,091.68 on Friday. 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 52-week low of $276.44 and a 52-week high of $1,114.61. The stock has a market cap of $38.50 billion, a price-to-earnings ratio of 46.22 and a beta of 1.66. The business has a 50-day moving average price of $968.21 and a 200-day moving average price of $815.46.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 23rd. The construction company reported $8.25 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. Comfort Systems USA’s revenue for the quarter was up 35.2% on a year-over-year basis. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 10.16%.

Comfort Systems USA Company 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.