Blue Trust Inc. Sells 127 Shares of Comfort Systems USA, Inc. $FIX

Blue Trust Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 784 shares of the construction company’s stock after selling 127 shares during the quarter. Blue Trust Inc.’s holdings in Comfort Systems USA were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Monument Capital Management bought a new position in Comfort Systems USA in the second quarter worth approximately $3,629,000. Katamaran Capital LLP bought a new position in shares of Comfort Systems USA during the 2nd quarter worth $510,000. IFP Advisors Inc grew its holdings in Comfort Systems USA by 8.7% during the 2nd quarter. IFP Advisors Inc now owns 475 shares of the construction company’s stock worth $255,000 after acquiring an additional 38 shares in the last quarter. Callan Family Office LLC grew its holdings in Comfort Systems USA by 205.1% during the 2nd quarter. Callan Family Office LLC now owns 2,264 shares of the construction company’s stock worth $1,214,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Comfort Systems USA during the 2nd quarter worth about $697,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FIX shares. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. UBS Group raised their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $735.80.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,078 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Up 3.5%

NYSE FIX opened at $844.75 on Tuesday. The company has a market capitalization of $29.80 billion, a PE ratio of 43.41 and a beta of 1.58. The company has a fifty day moving average of $749.97 and a 200 day moving average of $569.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $861.77.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Comfort Systems USA Company Profile

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.