Summit Investment Advisors Inc. Sells 125 Shares of Comfort Systems USA, Inc. $FIX

Summit Investment Advisors Inc. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 6,981 shares of the construction company’s stock after selling 125 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Comfort Systems USA were worth $2,250,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of Comfort Systems USA by 12.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after buying an additional 22 shares during the last quarter. Optimum Investment Advisors grew its stake in shares of Comfort Systems USA by 0.8% in the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after acquiring an additional 25 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Comfort Systems USA by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock worth $932,000 after purchasing an additional 34 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after purchasing an additional 37 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares of the company’s stock, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 17,447 shares of company stock worth $16,206,497. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Down 0.3%

Shares of FIX stock opened at $954.47 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,020.26. The stock has a market capitalization of $33.67 billion, a P/E ratio of 40.41 and a beta of 1.55. The firm’s 50 day moving average is $831.64 and its 200 day moving average is $648.23.

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. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million for the quarter. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Analyst Ratings Changes

Several brokerages recently commented on FIX. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $819.20.

About Comfort Systems USA

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.