Regal Partners Ltd Has $2.29 Million Holdings in Comfort Systems USA, Inc. $FIX

Regal Partners Ltd lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,657 shares of the construction company’s stock after selling 543 shares during the quarter. Regal Partners Ltd’s holdings in Comfort Systems USA were worth $2,285,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Signature Equity Partners LLC raised its stake in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after buying an additional 5 shares during the last quarter. Coston McIsaac & Partners boosted its stake in Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock worth $1,489,000 after acquiring an additional 7 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after acquiring an additional 8 shares during the period. Finally, Fulton Bank N.A. raised its position in shares of Comfort Systems USA by 1.3% during the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock valued at $832,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,278 shares of company stock worth $57,147,119 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 6.3%

NYSE:FIX opened at $1,622.23 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a market cap of $57.09 billion, a price-to-earnings ratio of 39.90 and a beta of 1.66. The stock has a 50-day moving average price of $1,829.20 and a two-hundred day moving average price of $1,581.48.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.53 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FIX. KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $2,057.86.

Comfort Systems USA Company 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.