R Squared Ltd Sells 274 Shares of Comfort Systems USA, Inc. $FIX

R Squared Ltd reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 506 shares of the construction company’s stock after selling 274 shares during the quarter. R Squared Ltd’s holdings in Comfort Systems USA were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA during the 2nd quarter worth about $27,000. Stone House Investment Management LLC bought a new stake in Comfort Systems USA during the 1st quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after buying an additional 37 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. 96.51% of the stock is owned by institutional investors.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director owned 6,500 shares of the company’s stock, valued at $4,523,220. This represents a 14.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company’s stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE FIX opened at $981.15 on Friday. The business has a 50 day simple moving average of $776.79 and a 200 day simple moving average of $600.69. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,002.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 46.08% and a net margin of 10.06%.The business had revenue of $713.90 million during the quarter. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 10.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIX shares. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $766.20.

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.