Aubrey Capital Management Ltd Sells 700 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Aubrey Capital Management Ltd trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,600 shares of the construction company’s stock after selling 700 shares during the quarter. Comfort Systems USA accounts for approximately 1.7% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 11th largest holding. Aubrey Capital Management Ltd’s holdings in Comfort Systems USA were worth $4,033,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock valued at $224,455,000 after purchasing an additional 50,001 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $202,433,000. FMR LLC grew its stake in shares of Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after purchasing an additional 216,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Comfort Systems USA by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after purchasing an additional 112,185 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Comfort Systems USA by 2.3% during the third quarter. Federated Hermes Inc. now owns 425,840 shares of the construction company’s stock valued at $72,567,000 after purchasing an additional 9,634 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William George III sold 8,429 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,614 shares of company stock worth $13,739,345. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Down 3.0 %

FIX stock traded down $9.40 during midday trading on Friday, reaching $302.00. The company’s stock had a trading volume of 662,976 shares, compared to its average volume of 297,811. Comfort Systems USA, Inc. has a 52 week low of $133.24 and a 52 week high of $335.25. The stock has a market cap of $10.78 billion, a PE ratio of 29.90 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $303.25 and its 200-day simple moving average is $234.42.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the business posted $1.51 earnings per share. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.40%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.90%.

Analysts Set New Price Targets

Several research firms have recently commented on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group raised their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. KeyCorp began coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th.

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.