Natixis Advisors LLC Lowers Position in Comfort Systems USA, Inc. $FIX

Natixis Advisors LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 29.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,748 shares of the construction company’s stock after selling 4,450 shares during the period. Natixis Advisors LLC’s holdings in Comfort Systems USA were worth $10,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its holdings in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter worth about $28,000. Farmers & Merchants Investments Inc. raised its position in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 17 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FIX shares. UBS Group lifted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Stifel Nicolaus increased their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $1,969.33.

Insider Activity

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,078 shares of company stock valued at $46,651,175 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 0.1%

FIX opened at $1,841.59 on Monday. The company has a market cap of $64.82 billion, a PE ratio of 53.13 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $469.16 and a twelve month high of $2,073.99. The company has a 50-day moving average price of $1,735.08 and a 200 day moving average price of $1,357.46. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm posted $4.75 EPS. Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

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.