Comfort Systems USA, Inc. $FIX Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,505 shares of the construction company’s stock after selling 429 shares during the quarter. Comfort Systems USA makes up 1.4% of Davidson Capital Management Inc.’s holdings, making the stock its 7th largest holding. Davidson Capital Management Inc.’s holdings in Comfort Systems USA were worth $6,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the period. Sivia Capital Partners LLC increased its position in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after acquiring an additional 313 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Comfort Systems USA by 94.2% during the second quarter. Assetmark Inc. now owns 600 shares of the construction company’s stock valued at $322,000 after acquiring an additional 291 shares during the period. Finally, Atria Investments Inc raised its holdings in shares of Comfort Systems USA by 7.8% during the second quarter. Atria Investments Inc now owns 3,118 shares of the construction company’s stock valued at $1,672,000 after acquiring an additional 226 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

FIX opened at $1,429.71 on Thursday. The stock has a fifty day moving average price of $1,185.24 and a 200 day moving average price of $973.90. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 49.47 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.09 EPS. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is 8.30%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Finally, DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,573.67.

Insider Activity

In other news, CFO William George III sold 9,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,001 shares of company stock valued at $44,976,027. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA 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.