Redwood Investments LLC Has $3.25 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Redwood Investments LLC cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 66.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,669 shares of the construction company’s stock after selling 15,026 shares during the period. Comfort Systems USA comprises approximately 0.9% of Redwood Investments LLC’s holdings, making the stock its 29th largest holding. Redwood Investments LLC’s holdings in Comfort Systems USA were worth $3,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock worth $8,919,000 after purchasing an additional 4,331 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Comfort Systems USA by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company’s stock valued at $1,042,000 after acquiring an additional 46 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $621,000. Park Avenue Securities LLC grew its stake in shares of Comfort Systems USA by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company’s stock valued at $1,334,000 after purchasing an additional 316 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

FIX stock opened at $465.85 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $16.43 billion, a P/E ratio of 31.89 and a beta of 1.48. The business’s fifty day moving average is $364.89 and its 200-day moving average is $413.90.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.39%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $517.60.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 in the last 90 days. 1.59% of the stock is owned by insiders.

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.