Comfort Systems USA, Inc. $FIX Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,485 shares of the construction company’s stock after selling 26 shares during the quarter. Diversified Trust Co’s holdings in Comfort Systems USA were worth $2,941,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in shares of Comfort Systems USA by 7,675.2% in the second quarter. Assenagon Asset Management S.A. now owns 61,346 shares of the construction company’s stock worth $32,894,000 after acquiring an additional 60,557 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Comfort Systems USA by 9.1% in the second quarter. Moody National Bank Trust Division now owns 2,996 shares of the construction company’s stock worth $1,606,000 after acquiring an additional 250 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Comfort Systems USA by 19.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock worth $2,690,000 after acquiring an additional 809 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Comfort Systems USA by 4.4% in the second quarter. NorthCrest Asset Manangement LLC now owns 979 shares of the construction company’s stock valued at $530,000 after buying an additional 41 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Comfort Systems USA by 73.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company’s stock valued at $6,933,000 after buying an additional 5,441 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares of the company’s stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 0.4%

Shares of Comfort Systems USA stock opened at $796.56 on Friday. The stock’s fifty day moving average is $683.84 and its 200-day moving average is $514.88. The firm has a market capitalization of $28.10 billion, a PE ratio of 40.93 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $806.58.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.74 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA’s payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent analyst reports. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research note on Monday, July 28th. UBS Group increased their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $668.60.

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.