Venturi Wealth Management LLC Cuts Stock Holdings in Comfort Systems USA, Inc. $FIX

Venturi Wealth Management LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 33.2% during the third quarter, Holdings Channel.com reports. The firm owned 1,293 shares of the construction company’s stock after selling 642 shares during the quarter. Venturi Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter worth $27,000. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Comfort Systems USA by 310.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after purchasing an additional 87 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $971.77 on Friday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,050.45. The stock has a market cap of $34.27 billion, a P/E ratio of 41.14 and a beta of 1.66. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $959.79 and a two-hundred day moving average of $796.79.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. As a group, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders 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 positive change 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 presently 10.16%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIX shares. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,028 shares of company stock valued at $25,381,151. Company insiders own 1.59% of the company’s stock.

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.