Ritholtz Wealth Management Cuts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Ritholtz Wealth Management trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,439 shares of the construction company’s stock after selling 60 shares during the quarter. Ritholtz Wealth Management’s holdings in Comfort Systems USA were worth $1,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. acquired a new stake in Comfort Systems USA in the 4th quarter valued at $546,000. Argent Capital Management LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $1,719,000. Contravisory Investment Management Inc. grew its stake in Comfort Systems USA by 89.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 288 shares of the construction company’s stock valued at $122,000 after acquiring an additional 136 shares during the period. BluePath Capital Management LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $220,000. Finally, Redhawk Wealth Advisors Inc. grew its stake in Comfort Systems USA by 0.7% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,056 shares of the construction company’s stock valued at $2,144,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FIX. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Insider Activity

In related news, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Trading Down 0.1 %

Shares of FIX opened at $504.62 on Friday. The firm’s fifty day moving average is $462.59 and its two-hundred day moving average is $392.61. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.96 billion, a PE ratio of 38.61 and a beta of 1.23. Comfort Systems USA, Inc. has a 52-week low of $200.15 and a 52-week high of $510.79.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. Comfort Systems USA’s payout ratio is presently 10.71%.

Comfort Systems USA 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.