Ifrah Financial Services Inc. Sells 182 Shares of Comfort Systems USA, Inc. $FIX

Ifrah Financial Services Inc. reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,629 shares of the construction company’s stock after selling 182 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Comfort Systems USA were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA in the 2nd quarter valued at $27,000. Tradewinds Capital Management LLC boosted its stake in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC bought a new stake in Comfort Systems USA in the 1st quarter valued at $31,000. 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 valued at $34,000 after purchasing an additional 37 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after purchasing an additional 83 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $827.02 on Friday. The stock has a market capitalization of $29.18 billion, a PE ratio of 42.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The business has a fifty day moving average price of $761.23 and a two-hundred day moving average price of $580.14. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $861.77.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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 39.33% and a net margin of 9.01%.The firm had revenue of $713.90 million during the quarter. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.50 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 10.28%.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 10,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George III sold 8,436 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last three months. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FIX. UBS Group boosted their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a report on Monday, October 13th. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $735.80.

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.