Comfort Systems USA, Inc. $FIX Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 20.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 395,365 shares of the construction company’s stock after selling 100,773 shares during the quarter. First Trust Advisors LP owned about 1.12% of Comfort Systems USA worth $211,999,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FIX. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA during the 2nd quarter worth $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the first quarter valued at about $31,000. Tradewinds Capital Management LLC boosted its holdings in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after acquiring an additional 31 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Comfort Systems USA by 310.7% during the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after acquiring an additional 87 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,003.80 on Friday. The business’s 50-day moving average is $902.87 and its two-hundred day moving average is $712.85. The company has a market capitalization of $35.40 billion, a P/E ratio of 42.50 and a beta of 1.64. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

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 43.59% and a net margin of 10.06%. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the completion of the transaction, the director directly owned 30,574 shares of the company’s stock, valued at $30,990,417.88. The trade was a 6.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 4,370 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,528 shares of company stock worth $25,467,824. 1.59% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on FIX. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Stifel Nicolaus set a $1,069.00 price objective on shares of Comfort Systems USA in a research note on Friday, October 24th. UBS Group upped their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, DA Davidson set a $810.00 target price on Comfort Systems USA in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $892.75.

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.