Penobscot Investment Management Company Inc. Reduces Stock Holdings in Comfort Systems USA, Inc. $FIX

Penobscot Investment Management Company Inc. trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,155 shares of the construction company’s stock after selling 678 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Comfort Systems USA were worth $5,744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $156,183,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Comfort Systems USA by 1,189.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company’s stock valued at $79,525,000 after buying an additional 136,807 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Comfort Systems USA by 29.8% during the 3rd quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after buying an additional 117,892 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Comfort Systems USA by 116.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 216,715 shares of the construction company’s stock valued at $178,829,000 after buying an additional 116,578 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.3%

NYSE FIX opened at $1,674.88 on Wednesday. The stock’s 50 day moving average is $1,438.47 and its 200 day moving average is $1,145.55. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12 month low of $333.60 and a 12 month high of $1,719.00. The stock has a market cap of $58.93 billion, a PE ratio of 57.95 and a beta of 1.60.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $4.09 EPS. The firm’s revenue was up 41.7% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 37.06 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is presently 9.69%.

Insiders Place Their Bets

In other Comfort Systems USA news, SVP Terrence Reed sold 1,116 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the sale, the senior vice president owned 2,834 shares of the company’s stock, valued at $3,960,033.22. The trade was a 28.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,288 shares of company stock worth $53,677,038. Insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of analyst reports. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. DA Davidson lifted 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. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday. They set a “buy” rating and a $2,001.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $1,732.50.

Comfort Systems USA Profile

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.