Venturi Wealth Management LLC Reduces Position in Comfort Systems USA, Inc. $FIX

Venturi Wealth Management LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 33.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,293 shares of the construction company’s stock after selling 642 shares during the quarter. Venturi Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA during the 3rd quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $27,000. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 37.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after acquiring an additional 31 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Comfort Systems USA by 310.7% during the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after purchasing an additional 87 shares during the last quarter. Finally, Maseco LLP acquired a new position in Comfort Systems USA in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FIX shares. DA Davidson reissued a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Stock Down 6.1%

FIX stock opened at $971.77 on Friday. The company has a market cap of $34.27 billion, a price-to-earnings ratio of 41.14 and a beta of 1.66. The company has a fifty day moving average price of $959.79 and a 200 day moving average price of $796.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,050.45.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million for the quarter. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This trade represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,028 shares of company stock worth $25,381,151 in the last ninety days. Company insiders own 1.59% of the company’s stock.

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.