Comfort Systems USA, Inc. $FIX Shares Sold by Estate Counselors LLC

Estate Counselors LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 71.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,393 shares of the construction company’s stock after selling 3,525 shares during the period. Estate Counselors LLC’s holdings in Comfort Systems USA were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth grew its position in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $567,000. Finally, Sei Investments Co. lifted its holdings in shares of Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after buying an additional 17,839 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent research reports. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $2,057.86.

Comfort Systems USA Stock Down 0.3%

FIX opened at $1,728.50 on Tuesday. The company has a fifty day moving average of $1,833.30 and a two-hundred day moving average of $1,577.34. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 42.51 and a beta of 1.66. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $6.53 EPS. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. On average, research analysts expect 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 will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is currently 7.87%.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This represents a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William J. Sandbrook sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 in the last ninety days. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Company Profile

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.