Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Archer Investment Corp

Archer Investment Corp reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 492 shares of the construction company’s stock after selling 58 shares during the quarter. Archer Investment Corp’s holdings in Comfort Systems USA were worth $101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FIX. Baillie Gifford & Co. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $202,433,000. Capital World Investors lifted its stake in shares of Comfort Systems USA by 32.3% in the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after purchasing an additional 570,560 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Comfort Systems USA by 417.5% in the 4th quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock valued at $61,501,000 after purchasing an additional 431,146 shares in the last quarter. Norges Bank acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $49,490,000. Finally, FMR LLC lifted its stake in shares of Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after purchasing an additional 216,200 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction that occurred on 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 sale, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO William George III sold 8,429 shares of the business’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 value of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 in the last three months. 2.48% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $299.99 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. Comfort Systems USA, Inc. has a one year low of $129.77 and a one year high of $335.25. The business’s 50-day simple moving average is $295.24 and its 200 day simple moving average is $228.33. The company has a market cap of $10.71 billion, a P/E ratio of 33.33 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $1.54 EPS. Comfort Systems USA’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.33%. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

Wall Street Analysts Forecast Growth

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

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.