Comfort Systems USA, Inc. $FIX Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 22.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,665 shares of the construction company’s stock after selling 495 shares during the quarter. Inspire Investing LLC’s holdings in Comfort Systems USA were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $27,000. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. increased its stake 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 acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FIX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $668.60.

Comfort Systems USA Stock Down 2.1%

NYSE FIX opened at $817.14 on Friday. The stock has a market cap of $28.83 billion, a PE ratio of 41.99 and a beta of 1.58. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $858.55. The business has a 50 day moving average price of $747.01 and a two-hundred day moving average price of $564.25. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.28%.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the transaction, the chief accounting officer owned 16,023 shares of the company’s stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 over the last 90 days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA 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.