Fiera Capital Corp Sells 56 Shares of Comfort Systems USA, Inc. $FIX

Fiera Capital Corp lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,669 shares of the construction company’s stock after selling 56 shares during the period. Fiera Capital Corp’s holdings in Comfort Systems USA were worth $3,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in Comfort Systems USA by 80.9% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,029 shares of the construction company’s stock valued at $1,624,000 after acquiring an additional 1,355 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $249,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Comfort Systems USA by 4.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,234 shares of the construction company’s stock worth $7,096,000 after purchasing an additional 531 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after purchasing an additional 3,032 shares during the last quarter. Finally, Maple Capital Management Inc. bought a new position in Comfort Systems USA in the second quarter valued at $293,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FIX shares. UBS Group raised their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. William Blair started coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $819.20.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $907.29 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market cap of $32.00 billion, a price-to-earnings ratio of 38.41 and a beta of 1.55. The stock’s fifty day moving average price is $855.06 and its two-hundred day moving average price is $663.78. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million during the quarter. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is currently owned by company insiders.

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.