Shaker Investments LLC OH Sells 2,439 Shares of Comfort Systems USA, Inc. $FIX

Shaker Investments LLC OH cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 49.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,525 shares of the construction company’s stock after selling 2,439 shares during the period. Shaker Investments LLC OH’s holdings in Comfort Systems USA were worth $2,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Wedmont Private Capital grew its holdings in shares of Comfort Systems USA by 3.8% in the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after acquiring an additional 18 shares during the period. Archer Investment Corp lifted its holdings in Comfort Systems USA by 8.0% in the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares during the last quarter. Transce3nd LLC grew its stake in shares of Comfort Systems USA by 12.9% during the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock valued at $104,000 after purchasing an additional 22 shares during the period. Finally, Optimum Investment Advisors increased its position in shares of Comfort Systems USA by 0.8% during the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after purchasing an additional 25 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. The trade was a 9.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director owned 22,535 shares in the company, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,028 shares of company stock valued at $25,381,151 in the last 90 days. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $963.68 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The company’s fifty day moving average price is $946.98 and its 200-day moving average price is $768.42. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,036.67. The company has a market capitalization of $33.99 billion, a PE ratio of 40.80 and a beta of 1.64.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FIX shares. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. William Blair began coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, UBS Group increased their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.