Dividend Assets Capital LLC Sells 3,268 Shares of Comfort Systems USA, Inc. $FIX

Dividend Assets Capital LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 30.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,566 shares of the construction company’s stock after selling 3,268 shares during the period. Comfort Systems USA makes up about 2.1% of Dividend Assets Capital LLC’s holdings, making the stock its 16th biggest holding. Dividend Assets Capital LLC’s holdings in Comfort Systems USA were worth $10,433,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prudential PLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth $6,922,000. Ethic Inc. lifted its stake in shares of Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after buying an additional 39,888 shares in the last quarter. Spire Wealth Management boosted its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC boosted its holdings in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after buying an additional 7,192 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

FIX opened at $1,741.16 on Monday. The stock has a market capitalization of $61.29 billion, a price-to-earnings ratio of 50.24 and a beta of 1.66. The company has a fifty day moving average of $1,884.63 and a 200 day moving average of $1,489.17. Comfort Systems USA, Inc. has a fifty-two week low of $513.99 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

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

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on FIX. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a report on Friday, April 24th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Finally, UBS Group lifted their target price 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. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the transaction, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rhoman J. Hardy sold 342 shares of the firm’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 transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,778 shares of company stock valued at $59,746,124 in the last ninety days. Company insiders own 1.24% 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.