Cornerstone Investment Partners LLC Sells 550 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cornerstone Investment Partners LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,107 shares of the construction company’s stock after selling 550 shares during the period. Cornerstone Investment Partners LLC’s holdings in Comfort Systems USA were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Citigroup Inc. boosted its holdings in shares of Comfort Systems USA by 3.4% in the 1st quarter. Citigroup Inc. now owns 37,197 shares of the construction company’s stock valued at $3,311,000 after buying an additional 1,224 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Comfort Systems USA by 8.2% in the 1st quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company’s stock worth $1,558,000 after purchasing an additional 1,333 shares in the last quarter. Bank of Montreal Can boosted its stake in Comfort Systems USA by 35.3% in the 1st quarter. Bank of Montreal Can now owns 24,736 shares of the construction company’s stock worth $2,229,000 after purchasing an additional 6,454 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Comfort Systems USA by 54.7% in the 1st quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company’s stock worth $1,721,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Comfort Systems USA by 6.5% in the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company’s stock worth $7,867,000 after purchasing an additional 5,394 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now directly owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Darcy Anderson sold 3,800 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now directly owns 43,741 shares of the company’s stock, valued at approximately $13,848,400.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the transaction, the director now directly owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last three months. 2.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group lifted their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. DA Davidson lifted their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp assumed coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Comfort Systems USA Stock Performance

FIX traded down $3.85 during trading on Friday, reaching $288.39. 154,254 shares of the company’s stock were exchanged, compared to its average volume of 348,443. Comfort Systems USA, Inc. has a 1 year low of $129.77 and a 1 year high of $335.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a market capitalization of $10.29 billion, a P/E ratio of 32.41 and a beta of 1.19. The company’s fifty day simple moving average is $296.34 and its 200-day simple moving average is $228.77.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $1.54 EPS. Comfort Systems USA’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts predict that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Comfort Systems USA 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.