Comfort Systems USA, Inc. $FIX Position Reduced by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 32.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,043 shares of the construction company’s stock after selling 1,449 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Comfort Systems USA were worth $1,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FIX. Farther Finance Advisors LLC increased its holdings in shares of Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock valued at $364,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC increased its holdings in shares of Comfort Systems USA by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock valued at $254,000 after purchasing an additional 148 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $302,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $780,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 3,644 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the transaction, the insider owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the transaction, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Trading Up 3.5%

NYSE:FIX opened at $844.75 on Tuesday. The stock’s 50 day moving average price is $749.97 and its 200 day moving average price is $569.52. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $861.77. The company has a market capitalization of $29.80 billion, a P/E ratio of 43.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $713.90 million for the quarter. On average, research analysts forecast 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is 10.28%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FIX shares. Stifel Nicolaus upped their target price on Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a report on Monday. William Blair initiated coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. DA Davidson increased their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. UBS Group increased their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $735.80.

Comfort Systems USA Company 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.