Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Gen Wealth Partners Inc

Gen Wealth Partners Inc trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 39.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 406 shares of the construction company’s stock after selling 261 shares during the period. Gen Wealth Partners Inc’s holdings in Comfort Systems USA were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV lifted its position in shares of Comfort Systems USA by 5.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,428 shares of the construction company’s stock valued at $460,000 after acquiring an additional 70 shares during the period. Thompson Davis & CO. Inc. lifted its position in shares of Comfort Systems USA by 69.1% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,674 shares of the construction company’s stock valued at $540,000 after acquiring an additional 684 shares during the period. American Century Companies Inc. lifted its position in shares of Comfort Systems USA by 7.6% during the 1st quarter. American Century Companies Inc. now owns 85,054 shares of the construction company’s stock valued at $27,415,000 after acquiring an additional 6,015 shares during the period. Ethic Inc. raised its position in shares of Comfort Systems USA by 62.7% during the 1st quarter. Ethic Inc. now owns 2,524 shares of the construction company’s stock worth $833,000 after purchasing an additional 973 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Comfort Systems USA by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 388,638 shares of the construction company’s stock worth $125,253,000 after purchasing an additional 20,854 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. The trade was a 16.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 8,000 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director directly owned 26,535 shares of the company’s stock, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,205 shares of company stock worth $20,932,366 in the last three months. 1.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on FIX shares. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. DA Davidson lifted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Finally, UBS Group lifted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $635.60.

Comfort Systems USA Stock Down 1.4%

FIX stock opened at $680.39 on Friday. The stock has a market capitalization of $24.00 billion, a P/E ratio of 34.96 and a beta of 1.49. 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, Inc. has a one year low of $276.44 and a one year high of $733.24. The company has a 50 day moving average price of $578.99 and a two-hundred day moving average price of $457.89.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

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.