Diversified Trust Co Sells 467 Shares of Comfort Systems USA, Inc. $FIX

Diversified Trust Co lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,942 shares of the construction company’s stock after selling 467 shares during the quarter. Diversified Trust Co’s holdings in Comfort Systems USA were worth $6,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. lifted its holdings in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the period. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $33,000. Farmers & Merchants Investments Inc. raised its position in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,971.17 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $1,831.99 and its 200-day moving average price is $1,420.84. Comfort Systems USA, Inc. has a 52 week low of $489.98 and a 52 week high of $2,073.99. The stock has a market cap of $69.39 billion, a P/E ratio of 56.87 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the business posted $4.75 EPS. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

Analyst Upgrades and Downgrades

FIX has been the topic of several research reports. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Erste Group Bank initiated coverage on Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating for the company. DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $1,991.50.

Insider Transactions at Comfort Systems USA

In other news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares in the company, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA 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.