Hunter Associates Investment Management LLC Has $4.12 Million Position in Comfort Systems USA, Inc. $FIX

Hunter Associates Investment Management LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,988 shares of the construction company’s stock after selling 476 shares during the period. Hunter Associates Investment Management LLC’s holdings in Comfort Systems USA were worth $4,122,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIX. Coston McIsaac & Partners lifted its stake in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after purchasing an additional 7 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after buying an additional 8 shares during the last quarter. Fulton Bank N.A. increased its position in Comfort Systems USA by 1.3% during the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after buying an additional 8 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares during the period. Finally, Great Lakes Advisors LLC raised its stake in Comfort Systems USA by 3.0% in the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after buying an additional 9 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on FIX shares. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. UBS Group increased their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Erste Group Bank started coverage on Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating for the company. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Glj Research started 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 objective for the company. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,991.50.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,778 shares of company stock valued at $59,746,124 in the last quarter. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 0.0%

FIX stock opened at $1,741.16 on Friday. 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 company’s 50-day simple moving average is $1,884.63 and its 200 day simple moving average is $1,485.52. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The company has a market capitalization of $61.29 billion, a PE ratio of 50.24 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.75 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

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.