Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by David J Yvars Group

David J Yvars Group cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 10,107 shares of the construction company’s stock after selling 54 shares during the period. Comfort Systems USA comprises 2.6% of David J Yvars Group’s holdings, making the stock its 12th biggest position. David J Yvars Group’s holdings in Comfort Systems USA were worth $4,286,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FIX. State Street Corp lifted its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after buying an additional 47,929 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $138,987,000. Millennium Management LLC lifted its stake in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in Comfort Systems USA by 20.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after acquiring an additional 43,691 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.4 %

Shares of NYSE:FIX opened at $438.46 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a fifty-two week low of $198.30 and a fifty-two week high of $510.79. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 33.55 and a beta of 1.23. The firm’s 50 day moving average price is $458.27 and its 200 day moving average price is $387.79.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.74 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FIX shares. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. Finally, UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $493.50.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.