City Center Advisors LLC Cuts Position in Comfort Systems USA, Inc. (NYSE:FIX)

City Center Advisors LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 20.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 649 shares of the construction company’s stock after selling 162 shares during the quarter. City Center Advisors LLC’s holdings in Comfort Systems USA were worth $209,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FIX. UMB Bank n.a. raised its holdings in shares of Comfort Systems USA by 11.7% during the 1st quarter. UMB Bank n.a. now owns 1,096 shares of the construction company’s stock valued at $353,000 after buying an additional 115 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $247,000. Congress Asset Management Co. raised its holdings in shares of Comfort Systems USA by 8.2% during the 1st quarter. Congress Asset Management Co. now owns 107,565 shares of the construction company’s stock valued at $34,671,000 after buying an additional 8,111 shares during the period. E. Ohman J or Asset Management AB purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $25,155,000. Finally, Vest Financial LLC raised its holdings in shares of Comfort Systems USA by 55.8% during the 1st quarter. Vest Financial LLC now owns 8,701 shares of the construction company’s stock valued at $2,805,000 after buying an additional 3,118 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock worth $14,642,235 in the last three months. 1.59% of the stock is owned by insiders.

Comfort Systems USA Price Performance

FIX stock opened at $511.11 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The stock’s 50 day moving average is $411.90 and its two-hundred day moving average is $418.99. The company has a market capitalization of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $2.69 EPS. Comfort Systems USA’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.35%. Comfort Systems USA’s payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Stifel Nicolaus raised their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $525.80.

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.