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

Distillate Capital Partners LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,974 shares of the construction company’s stock after selling 1,988 shares during the quarter. Distillate Capital Partners LLC owned approximately 0.08% of Comfort Systems USA worth $16,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp boosted its stake in shares of Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares in the last quarter. Norges Bank purchased a new position in Comfort Systems USA during the second quarter worth approximately $256,998,000. AQR Capital Management LLC boosted its position in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Comfort Systems USA by 299.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after purchasing an additional 239,692 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $74,634,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. DA Davidson set a $810.00 target price on Comfort Systems USA in a research report on Friday, October 24th. UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Stifel Nicolaus set a $1,069.00 target price on shares of Comfort Systems USA in a research note on Friday, October 24th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $892.75.

Comfort Systems USA Stock Performance

FIX opened at $978.00 on Monday. The firm has a market capitalization of $34.50 billion, a PE ratio of 41.41 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The firm’s 50-day moving average price is $889.85 and its 200 day moving average price is $702.39.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the sale, the director directly owned 4,000 shares in the company, valued at approximately $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the transaction, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. This trade represents a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 22,158 shares of company stock worth $21,277,519 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

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.