Comfort Systems USA, Inc. $FIX Shares Sold by Kane Investment Management Inc.

Kane Investment Management Inc. cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805 shares of the construction company’s stock after selling 408 shares during the quarter. Kane Investment Management Inc.’s holdings in Comfort Systems USA were worth $968,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FIX. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA during the first quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. grew its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after buying an additional 37 shares during the period. Tradewinds Capital Management LLC grew its position in Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after buying an additional 31 shares during the period. Finally, Brooklyn Investment Group increased its holdings in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. UBS Group raised their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $819.20.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Herman E. Bulls sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the sale, the director owned 30,574 shares in the company, valued at $30,990,417.88. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,078 shares of company stock valued at $15,242,037 over the last 90 days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $907.29 on Friday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The company has a market capitalization of $32.00 billion, a PE ratio of 38.41 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $855.06 and a 200-day simple moving average of $663.78.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

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.