Dynamic Technology Lab Private Ltd Trims Position in Comfort Systems USA, Inc. $FIX

Dynamic Technology Lab Private Ltd decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 88.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 674 shares of the construction company’s stock after selling 5,316 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Comfort Systems USA were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FIX. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $27,000. Lifestyle Asset Management Inc. increased its stake in shares of Comfort Systems USA by 314.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock valued at $2,078,000 after buying an additional 2,940 shares during the period. OMNI 360 Wealth Inc. purchased a new position in shares of Comfort Systems USA during the second quarter valued at $298,000. Redhawk Wealth Advisors Inc. raised its holdings in shares of Comfort Systems USA by 19.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock valued at $2,690,000 after acquiring an additional 809 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Comfort Systems USA by 40.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock worth $3,449,000 after acquiring an additional 1,850 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $892.75.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares in the company, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the sale, the director owned 82,901 shares in the company, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,000 shares of company stock worth $14,491,878 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 5.8%

NYSE FIX opened at $946.06 on Tuesday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The company has a 50 day moving average price of $875.13 and a 200 day moving average price of $687.93. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market cap of $33.37 billion, a PE ratio of 40.05 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a dividend of $0.60 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.3%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

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.