Greenwood Capital Associates LLC Has $738,000 Position in Comfort Systems USA, Inc. $FIX

Greenwood Capital Associates LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 26.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,377 shares of the construction company’s stock after selling 488 shares during the period. Greenwood Capital Associates LLC’s holdings in Comfort Systems USA were worth $738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Comfort Systems USA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after buying an additional 21,847 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock valued at $286,757,000 after buying an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after buying an additional 832,999 shares during the last quarter. AQR Capital Management LLC increased its stake in Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after buying an additional 273,453 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after buying an additional 138,541 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $816.51 on Friday. The company has a market capitalization of $28.81 billion, a price-to-earnings ratio of 41.96 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. The company has a 50-day simple moving average of $733.91 and a 200 day simple moving average of $546.75. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $852.31.

Comfort Systems USA (NYSE:FIX) last announced 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 business had revenue of $2.17 billion during the quarter, compared to the consensus estimate 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 was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.74 EPS. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s payout ratio is presently 10.28%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIX shares. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Saturday, September 27th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, William Blair began coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $668.60.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company’s stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction 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 business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares of the company’s stock, valued at $4,523,220. This represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 in the last ninety days. Insiders own 1.59% of the company’s stock.

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.