Saturna Capital Corp Sells 306 Shares of Comfort Systems USA, Inc. $FIX

Saturna Capital Corp lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,950 shares of the construction company’s stock after selling 306 shares during the period. Saturna Capital Corp’s holdings in Comfort Systems USA were worth $2,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FIX. Core Wealth Advisors LLC bought a new stake in Comfort Systems USA during the fourth quarter valued at about $28,000. CENTRAL TRUST Co purchased a new position in Comfort Systems USA in the first quarter valued at about $46,000. Ascentis Independent Advisors bought a new position in Comfort Systems USA in the first quarter worth about $46,000. Brown Lisle Cummings Inc. purchased a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $47,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $33,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,772.47 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a 50-day moving average of $1,850.12 and a two-hundred day moving average of $1,555.66. The stock has a market cap of $62.39 billion, a P/E ratio of 51.14 and a beta of 1.66. Comfort Systems USA, Inc. has a one year low of $513.99 and a one year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.75 earnings per share. As a group, research analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,015.43.

Insiders Place Their Bets

In other news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the transaction, the chief financial officer owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,778 shares of company stock worth $59,746,124. Company insiders own 1.24% of the company’s stock.

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.