Private Trust Co. NA Lowers Holdings in Comfort Systems USA, Inc. $FIX

Private Trust Co. NA trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 20.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82 shares of the construction company’s stock after selling 21 shares during the period. Private Trust Co. NA’s holdings in Comfort Systems USA were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA in the second quarter valued at about $27,000. Stone House Investment Management LLC purchased a new position in shares of Comfort Systems USA in the first quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 1,078 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director owned 6,500 shares in the company, valued at approximately $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $981.15 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $34.61 billion, a P/E ratio of 41.54 and a beta of 1.58. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,002.64. The business’s 50-day moving average is $776.79 and its 200 day moving average is $598.70.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 46.08% and a net margin of 10.06%.The business had revenue of $713.90 million for the quarter. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on FIX shares. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. DA Davidson set a $810.00 target price on Comfort Systems USA in a research report on Friday. Finally, Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $766.20.

About Comfort Systems USA

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.