AdvisorShares Investments LLC Trims Stock Holdings in Comfort Systems USA, Inc. $FIX

AdvisorShares Investments LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,282 shares of the construction company’s stock after selling 801 shares during the quarter. Comfort Systems USA makes up 1.8% of AdvisorShares Investments LLC’s holdings, making the stock its 9th biggest holding. AdvisorShares Investments LLC’s holdings in Comfort Systems USA were worth $10,042,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Ameriflex Group Inc. grew its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA during the fourth quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. raised its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,741.16 on Friday. The stock has a 50 day moving average price of $1,884.63 and a 200 day moving average price of $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 debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market capitalization of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis 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 presently 9.23%.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the transaction, the chief financial officer owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 30,778 shares of company stock valued at $59,746,124. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. UBS Group lifted their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Stifel Nicolaus boosted their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, Oppenheimer initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

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.