Strid Group LLC Has $577,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Strid Group LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,807 shares of the construction company’s stock after selling 570 shares during the period. Strid Group LLC’s holdings in Comfort Systems USA were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FIX. Byrne Asset Management LLC bought a new stake in Comfort Systems USA during the 4th quarter worth about $26,000. Point72 Asset Management L.P. bought a new position in Comfort Systems USA in the second quarter valued at about $35,000. Brown Brothers Harriman & Co. increased its position in Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after purchasing an additional 394 shares during the period. Meeder Asset Management Inc. raised its holdings in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after purchasing an additional 230 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Comfort Systems USA by 2,410.0% during the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after buying an additional 241 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIX shares. KeyCorp assumed coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. UBS Group lifted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

Comfort Systems USA Price Performance

FIX stock traded up $0.23 during midday trading on Thursday, reaching $299.87. The company had a trading volume of 62,600 shares, compared to its average volume of 347,621. Comfort Systems USA, Inc. has a 1-year low of $129.77 and a 1-year high of $335.25. The stock has a 50 day moving average price of $295.24 and a 200-day moving average price of $228.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 33.64 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $1.54 EPS. The company’s revenue was up 21.5% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Insiders Place Their Bets

In other news, COO T Mckenna Trent sold 14,185 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last 90 days. Corporate insiders own 2.48% of the company’s stock.

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.