Eagle Asset Management Inc. Sells 1,318 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Eagle Asset Management Inc. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,562 shares of the construction company’s stock after selling 1,318 shares during the period. Eagle Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,952,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FIX. Covestor Ltd raised its position in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the period. Signaturefd LLC raised its holdings in Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after buying an additional 32 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Comfort Systems USA by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after buying an additional 34 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Comfort Systems USA by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after buying an additional 35 shares during the period. Finally, Mount Lucas Management LP increased its position in shares of Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,200 shares of company stock worth $15,431,250. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $495.13 on Tuesday. The stock has a market cap of $17.62 billion, a P/E ratio of 37.88 and a beta of 1.13. The company has a fifty day moving average price of $416.37 and a two-hundred day moving average price of $354.66. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $500.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company posted $2.74 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. Comfort Systems USA’s payout ratio is presently 10.71%.

Analyst Ratings Changes

FIX has been the topic of several research reports. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. Northcoast Research started coverage on Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $525.00 target price on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Finally, UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their target price for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $481.00.

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.