Comfort Systems USA, Inc. (NYSE:FIX) Position Trimmed by First Horizon Advisors Inc.

First Horizon Advisors Inc. lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 318 shares of the construction company’s stock after selling 69 shares during the period. First Horizon Advisors Inc.’s holdings in Comfort Systems USA were worth $65,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $26,000. VisionPoint Advisory Group LLC purchased a new stake in Comfort Systems USA during the third quarter valued at about $59,000. GAMMA Investing LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at about $61,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Comfort Systems USA in the third quarter worth about $119,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $125,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the sale, the director now owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,614 shares of company stock worth $13,739,345. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. DA Davidson upped their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

Comfort Systems USA Stock Up 2.5 %

FIX stock opened at $343.96 on Wednesday. The company has a 50 day moving average of $310.94 and a two-hundred day moving average of $243.17. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $144.45 and a 12-month high of $345.74. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 34.06 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $1.51 earnings per share. Comfort Systems USA’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a $0.30 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s payout ratio is presently 9.90%.

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.