Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,005 shares of the construction company’s stock after selling 910 shares during the quarter. Brown Advisory Inc. owned 0.05% of Comfort Systems USA worth $3,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heritage Wealth Management LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter worth about $246,000. BNP Paribas Financial Markets lifted its stake in shares of Comfort Systems USA by 16.5% in the fourth quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock worth $10,251,000 after acquiring an additional 7,067 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Comfort Systems USA by 6.6% in the fourth quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock worth $13,366,000 after acquiring an additional 4,031 shares in the last quarter. State of Michigan Retirement System acquired a new position in shares of Comfort Systems USA in the fourth quarter worth about $1,769,000. Finally, Jump Financial LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter worth about $783,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at $17,426,285.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 988 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The disclosure for this sale can be found here. Insiders have sold 51,102 shares of company stock worth $15,285,379 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on FIX. DA Davidson boosted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Finally, UBS Group boosted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Comfort Systems USA Trading Up 0.5 %

Shares of NYSE FIX opened at $329.13 on Thursday. The stock’s 50 day moving average price is $316.42 and its two-hundred day moving average price is $255.09. Comfort Systems USA, Inc. has a 52-week low of $144.45 and a 52-week high of $352.45. The stock has a market capitalization of $11.76 billion, a P/E ratio of 32.59 and a beta of 1.20. 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 (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, beating 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 firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. Comfort Systems USA’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 0.36%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Comfort Systems USA Company Profile

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.