Chase Investment Counsel Corp Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Chase Investment Counsel Corp cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,708 shares of the construction company’s stock after selling 306 shares during the quarter. Comfort Systems USA makes up 1.4% of Chase Investment Counsel Corp’s portfolio, making the stock its 21st largest holding. Chase Investment Counsel Corp’s holdings in Comfort Systems USA were worth $3,230,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in Comfort Systems USA by 6.6% during the fourth quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock worth $13,366,000 after buying an additional 4,031 shares in the last quarter. State of Michigan Retirement System purchased a new stake in Comfort Systems USA during the fourth quarter worth $1,769,000. Redhawk Wealth Advisors Inc. purchased a new stake in Comfort Systems USA during the fourth quarter worth $1,194,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Comfort Systems USA by 131.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after buying an additional 2,780 shares in the last quarter. Finally, FMR LLC boosted its holdings in Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after buying an additional 216,200 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Brian E. Lane sold 16,000 shares of the firm’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 transaction, the insider now 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 SEC, which is available at the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the transaction, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last three months. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 2.3 %

Comfort Systems USA stock traded up $7.06 during midday trading on Monday, hitting $309.06. 150,674 shares of the stock were exchanged, compared to its average volume of 352,374. Comfort Systems USA, Inc. has a fifty-two week low of $144.45 and a fifty-two week high of $335.25. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 30.41 and a beta of 1.19. The stock’s 50-day simple moving average is $303.25 and its 200 day simple moving average is $235.35. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released 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 net margin of 6.51% and a return on equity of 28.65%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.51 earnings per share. Comfort Systems USA’s revenue was up 30.8% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.90%.

Analyst Upgrades and Downgrades

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

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.