Comfort Systems USA, Inc. $FIX Stock Holdings Decreased by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,214 shares of the construction company’s stock after selling 325 shares during the quarter. Comfort Systems USA makes up approximately 0.7% of Caerus Investment Advisors LLC’s holdings, making the stock its 23rd biggest holding. Caerus Investment Advisors LLC’s holdings in Comfort Systems USA were worth $1,674,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Prudential PLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at approximately $6,922,000. Ethic Inc. boosted its holdings in Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after purchasing an additional 748 shares during the period. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after purchasing an additional 39,888 shares during the period. Moran Wealth Management LLC increased its stake in Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Comfort Systems USA by 3,378.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock valued at $79,079,000 after purchasing an additional 82,295 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. UBS Group lifted their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday, July 27th. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and an average target price of $2,057.86.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,728.56 on Friday. The company has a market cap of $60.83 billion, a P/E ratio of 42.51 and a beta of 1.66. The stock has a fifty day moving average price of $1,817.97 and a 200 day moving average price of $1,591.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period last year, the company earned $6.53 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 7.87%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 28,778 shares of company stock valued at $56,257,229. Corporate insiders own 1.24% 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.