Evercore Wealth Management LLC Reduces Holdings in Comfort Systems USA, Inc. $FIX

Evercore Wealth Management LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 13.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 134,308 shares of the construction company’s stock after selling 20,929 shares during the quarter. Comfort Systems USA makes up 2.9% of Evercore Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Evercore Wealth Management LLC’s holdings in Comfort Systems USA were worth $185,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Equity Partners LLC raised its stake in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after buying an additional 5 shares during the last quarter. Coston McIsaac & Partners raised its stake in shares of Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after purchasing an additional 7 shares during the last quarter. Petra Financial Advisors Inc. lifted its stake in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 7 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in Comfort Systems USA by 1.4% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares during the period. Finally, Fulton Bank N.A. boosted its position in Comfort Systems USA by 1.3% in the first quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of the business’s 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 sale, the director owned 7,666 shares in the company, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,778 shares of company stock valued at $59,746,124 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 0.3%

Shares of FIX opened at $1,728.50 on Tuesday. The business’s 50 day moving average is $1,833.30 and its 200 day moving average is $1,577.34. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The company has a market capitalization of $60.83 billion, a PE ratio of 42.51 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company posted $6.53 EPS. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Research analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 7.87%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. UBS Group boosted their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday. Glj Research began coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Finally, Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $2,057.86.

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.