RFG Advisory LLC Cuts Holdings in Comfort Systems USA, Inc. $FIX

RFG Advisory LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 8.6% in the first quarter, Holdings Channel reports. The firm owned 2,818 shares of the construction company’s stock after selling 264 shares during the quarter. RFG Advisory LLC’s holdings in Comfort Systems USA were worth $3,886,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIX. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 39.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 440 shares of the construction company’s stock valued at $607,000 after purchasing an additional 125 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Comfort Systems USA in the 1st quarter worth about $47,000. OP Asset Management Ltd purchased a new position in Comfort Systems USA in the 1st quarter worth about $24,294,000. Banque Cantonale Vaudoise raised its position in Comfort Systems USA by 71.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,743 shares of the construction company’s stock worth $2,404,000 after buying an additional 724 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Comfort Systems USA by 50.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,158 shares of the construction company’s stock valued at $20,903,000 after acquiring an additional 5,115 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $2,012.37 on Friday. The company has a 50-day moving average price of $1,861.82 and a 200-day moving average price of $1,452.60. Comfort Systems USA, Inc. has a 52 week low of $510.00 and a 52 week high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $70.84 billion, a P/E ratio of 58.06 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.75 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is 9.23%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director owned 7,666 shares in the company, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,078 shares of company stock worth $46,651,175. Insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FIX shares. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. UBS Group increased their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating for the company. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,991.50.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.