Lifestyle Asset Management Inc. Sells 67 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Lifestyle Asset Management Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,010 shares of the construction company’s stock after selling 67 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Comfort Systems USA were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Heritage Wealth Management LLC bought a new stake in Comfort Systems USA in the fourth quarter worth approximately $246,000. Hennessy Advisors Inc. raised its holdings in shares of Comfort Systems USA by 18.6% during the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock valued at $55,218,000 after purchasing an additional 27,200 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Comfort Systems USA by 16.5% during the 4th quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock worth $10,251,000 after purchasing an additional 7,067 shares in the last quarter. Harvest Investment Services LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $511,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Comfort Systems USA during the 1st quarter worth approximately $898,000. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the sale, the director now owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The disclosure for this sale can be found here. Insiders sold a total of 7,961 shares of company stock worth $2,622,664 over the last quarter. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Comfort Systems USA Stock Up 6.3 %

Shares of NYSE:FIX traded up $18.46 during midday trading on Wednesday, hitting $312.32. 436,565 shares of the company’s stock were exchanged, compared to its average volume of 409,662. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $352.45. The company has a market cap of $11.16 billion, a PE ratio of 30.92 and a beta of 1.15. The stock has a 50 day moving average price of $321.05 and a 200-day moving average price of $281.26.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.30 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. 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.