Kornitzer Capital Management Inc. KS Sells 3,800 Shares of Comfort Systems USA, Inc. $FIX

Kornitzer Capital Management Inc. KS lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 35.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,800 shares of the construction company’s stock after selling 3,800 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Comfort Systems USA were worth $9,377,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Coston McIsaac & Partners increased its stake in shares of Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after buying an additional 7 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after buying an additional 8 shares in the last quarter. Fulton Bank N.A. lifted its position in Comfort Systems USA by 1.3% during the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after buying an additional 8 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Comfort Systems USA by 29.0% during 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 during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in Comfort Systems USA by 3.0% during the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the transaction, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,778 shares of company stock valued at $59,746,124 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 1.6%

Comfort Systems USA stock traded down $28.47 during mid-day trading on Friday, hitting $1,752.95. The stock had a trading volume of 368,531 shares, compared to its average volume of 500,042. The stock has a 50-day simple moving average of $1,883.81 and a two-hundred day simple moving average of $1,513.61. The stock has a market capitalization of $61.71 billion, a PE ratio of 50.58 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $513.99 and a 12 month high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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 firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the business posted $4.75 EPS. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

FIX has been the subject of several research reports. Glj Research started coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. UBS Group upped their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday. They set a “buy” rating and a $2,159.00 price target on the stock. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,015.43.

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.