Sanctuary Advisors LLC Sells 1,162 Shares of Comfort Systems USA, Inc. $FIX

Sanctuary Advisors LLC cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 20.1% in the first quarter, Holdings Channel.com reports. The firm owned 4,629 shares of the construction company’s stock after selling 1,162 shares during the quarter. Sanctuary Advisors LLC’s holdings in Comfort Systems USA were worth $6,383,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIX. Vanguard Group Inc. raised its position in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the period. State Street Corp boosted its position in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC grew its stake in shares of Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the last quarter. Invesco Ltd. grew its stake in shares of Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Comfort Systems USA by 22.1% in the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after buying an additional 184,362 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FIX shares. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. UBS Group increased their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,778 shares of company stock valued at $59,746,124 over the last three months. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Down 0.8%

Shares of NYSE FIX opened at $1,667.28 on Friday. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99. The firm has a market capitalization of $58.69 billion, a price-to-earnings ratio of 48.10 and a beta of 1.66. The stock has a 50 day moving average price of $1,861.34 and a 200 day moving average price of $1,540.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period last year, the business posted $4.75 EPS. Sell-side analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current 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 dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s payout ratio is 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.