Comfort Systems USA, Inc. $FIX Shares Sold by CPC Advisors LLC

CPC Advisors LLC trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 12.6% in the third quarter, HoldingsChannel.com reports. The firm owned 6,309 shares of the construction company’s stock after selling 910 shares during the quarter. CPC Advisors LLC’s holdings in Comfort Systems USA were worth $5,206,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FIX. Westfield Capital Management Co. LP lifted its position in shares of Comfort Systems USA by 5.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after buying an additional 46,773 shares during the last quarter. Geode Capital Management LLC raised its stake in Comfort Systems USA by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after acquiring an additional 3,032 shares in the last quarter. AQR Capital Management LLC lifted its position in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after acquiring an additional 252,007 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Comfort Systems USA by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock valued at $287,894,000 after acquiring an additional 17,469 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Comfort Systems USA during the second quarter worth about $256,998,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FIX. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Trading Up 2.5%

NYSE:FIX opened at $1,035.83 on Tuesday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,050.45. 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 stock’s 50 day simple moving average is $961.86 and its 200-day simple moving average is $808.04. The firm has a market cap of $36.53 billion, a P/E ratio of 43.85 and a beta of 1.66.

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. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Equities analysts anticipate 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 the business’s 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 transaction of $5,033,400.00. Following the transaction, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the 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 directly owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

About Comfort Systems USA

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.