Nisa Investment Advisors LLC Reduces Stock Holdings in Comfort Systems USA, Inc. $FIX

Nisa Investment Advisors LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,785 shares of the construction company’s stock after selling 4,204 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $9,725,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FIX. Wedmont Private Capital grew its position in shares of Comfort Systems USA by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after buying an additional 18 shares during the last quarter. Archer Investment Corp boosted its stake in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Comfort Systems USA by 12.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the last quarter. Transce3nd LLC increased its position in shares of Comfort Systems USA by 12.9% during the second quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after purchasing an additional 22 shares in the last quarter. Finally, Optimum Investment Advisors increased its position in shares of Comfort Systems USA by 0.8% during the second quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 4.0%

Shares of FIX stock opened at $1,010.61 on Friday. The company has a market capitalization of $35.65 billion, a P/E ratio of 42.79 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $960.69 and its two-hundred day moving average is $802.32. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,050.45.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results 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 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,028 shares of company stock valued at $25,381,151. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group increased their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. DA Davidson restated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Company 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.