Secure Asset Management LLC Reduces Stock Holdings in Comfort Systems USA, Inc. $FIX

Secure Asset Management LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,802 shares of the construction company’s stock after selling 577 shares during the quarter. Secure Asset Management LLC’s holdings in Comfort Systems USA were worth $3,111,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after buying an additional 27 shares during the period. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA in the first quarter valued at approximately $31,000. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.8%

NYSE FIX opened at $762.84 on Thursday. The stock has a market cap of $26.91 billion, a PE ratio of 39.20 and a beta of 1.54. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $785.23. The business has a 50 day moving average price of $673.39 and a two-hundred day moving average price of $507.45. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.74 EPS. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio is 10.28%.

Insiders Place Their Bets

In other news, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares of the company’s stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the transaction, the director directly owned 6,500 shares in the company, valued at $4,523,220. The trade was a 14.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIX. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, William Blair began coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $668.60.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.