Saturna Capital Corp Has $790,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Saturna Capital Corp lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 30.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,451 shares of the construction company’s stock after selling 1,048 shares during the quarter. Saturna Capital Corp’s holdings in Comfort Systems USA were worth $790,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Comfort Systems USA by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company’s stock worth $950,000 after buying an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Comfort Systems USA by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company’s stock worth $57,000 after buying an additional 42 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company’s stock worth $52,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $551.71 on Friday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $555.25. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $501.17 and a two-hundred day simple moving average of $430.36. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of 33.10 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The business’s revenue was up 19.1% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director directly owned 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Wall Street Zen cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, DA Davidson raised their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $572.60.

Comfort Systems USA Company Profile

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.