Saturna Capital Corp trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 13.6% in the first quarter, HoldingsChannel.com reports. The fund owned 1,950 shares of the construction company’s stock after selling 306 shares during the period. Saturna Capital Corp’s holdings in Comfort Systems USA were worth $2,688,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Prudential PLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $6,922,000. Ethic Inc. raised its holdings in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC lifted its stake in shares of Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after purchasing an additional 7,192 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a report on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $2,015.43.
Insider Activity
In related news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is currently owned by company insiders.
Comfort Systems USA Price Performance
NYSE FIX opened at $1,772.47 on Wednesday. Comfort Systems USA, Inc. has a 12 month low of $513.99 and a 12 month high of $2,073.99. The firm has a market capitalization of $62.39 billion, a PE ratio of 51.14 and a beta of 1.66. The company’s 50 day simple moving average is $1,850.12 and its 200 day simple moving average is $1,555.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $4.75 EPS. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.
Comfort Systems USA Profile
Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.
Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.
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