Intech Investment Management LLC Cuts Stake in Comfort Systems USA, Inc. $FIX

Intech Investment Management LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 22.6% during the 2nd quarter, Holdings Channel reports. The firm owned 37,925 shares of the construction company’s stock after selling 11,097 shares during the period. Intech Investment Management LLC’s holdings in Comfort Systems USA were worth $20,336,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FIX. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after buying an additional 22 shares in the last quarter. Optimum Investment Advisors increased its holdings in Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after acquiring an additional 25 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares in the last quarter. Fifth Third Bancorp lifted its stake in Comfort Systems USA by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock worth $932,000 after purchasing an additional 34 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

NYSE FIX opened at $907.29 on Friday. The business’s 50 day moving average price is $855.06 and its 200-day moving average price is $663.78. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a market cap of $32.00 billion, a P/E ratio of 38.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. William Blair initiated coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group upped their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $819.20.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $4,021,640. The trade was a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is owned by company insiders.

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.