569 Comfort Systems USA, Inc. $FIX Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the construction company’s stock after selling 569 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Comfort Systems USA were worth $5,458,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Comfort Systems USA during the 2nd quarter worth approximately $6,734,037,000. Deutsche Bank AG acquired a new stake in Comfort Systems USA during the 2nd quarter valued at $443,751,000. Legal & General Group Plc acquired a new stake in Comfort Systems USA during the 2nd quarter valued at $400,096,000. Bank of New York Mellon Corp purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $370,479,000. Finally, Amundi lifted its holdings in shares of Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after purchasing an additional 156,069 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIX. DA Davidson began coverage on Comfort Systems USA in a research report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 target price for the company. KeyCorp upped their price target on Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA and gave the stock a “buy” rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,085.00.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,483.18 on Friday. The company has a market capitalization of $52.20 billion, a PE ratio of 36.48 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company’s 50 day moving average price is $1,648.16 and its 200 day moving average price is $1,730.89. Comfort Systems USA, Inc. has a 52 week low of $770.47 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 EPS. The company’s revenue was up 50.3% compared to the same quarter last year. Research analysts expect that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,078 shares of company stock worth $43,211,828. Corporate insiders own 1.24% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.