Comfort Systems USA, Inc. $FIX Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 680 shares of the construction company’s stock after selling 35 shares during the period. Arcus Capital Partners LLC’s holdings in Comfort Systems USA were worth $365,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company’s stock worth $824,000 after acquiring an additional 296 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock valued at $2,377,000 after buying an additional 3,644 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $27,000. Spire Wealth Management raised its position in shares of Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company’s stock valued at $324,000 after buying an additional 90 shares during the last quarter. Finally, Lifestyle Asset Management Inc. raised its position in shares of Comfort Systems USA by 314.1% in the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock valued at $2,078,000 after buying an additional 2,940 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FIX shares. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, UBS Group upped their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $735.80.

Insider Buying and Selling

In related news, CFO William George III sold 8,436 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer owned 47,473 shares of the company’s stock, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Julie Shaeff sold 1,369 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares in the company, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 in the last ninety days. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $827.02 on Friday. The firm has a fifty day moving average price of $761.23 and a 200 day moving average price of $581.79. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $861.77. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market cap of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Comfort Systems USA Company 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.