Diversified Trust Co Sells 467 Shares of Comfort Systems USA, Inc. $FIX

Diversified Trust Co lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,942 shares of the construction company’s stock after selling 467 shares during the quarter. Diversified Trust Co’s holdings in Comfort Systems USA were worth $6,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Ameriflex Group Inc. grew its stake in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $33,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,971.17 on Friday. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65. The company has a 50-day moving average price of $1,831.99 and a 200-day moving average price of $1,420.84. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12 month low of $489.98 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the firm earned $4.75 earnings per share. Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. DA Davidson boosted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group increased their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Glj Research assumed coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $1,991.50.

Insider Transactions at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the transaction, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,078 shares of company stock worth $46,651,175. Corporate insiders own 1.24% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.