Comfort Systems USA, Inc. $FIX Stock Holdings Cut by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 14.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,300 shares of the construction company’s stock after selling 569 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Comfort Systems USA were worth $5,458,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $26,000. Avalon Trust Co acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $32,000. Field & Main Bank acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $32,000. Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Glynn Capital Management LLC boosted its holdings in Comfort Systems USA by 58.3% in the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock worth $31,000 after purchasing an additional 7 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. KeyCorp increased their target price on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,085.00.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,078 shares of company stock valued at $43,211,828. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 3.8%

Shares of Comfort Systems USA stock opened at $1,483.18 on Friday. The stock has a market capitalization of $52.20 billion, a P/E ratio of 36.48 and a beta of 1.66. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $1,648.16 and a two-hundred day moving average price of $1,730.89. Comfort Systems USA, Inc. has a 12-month low of $770.47 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company posted $6.53 earnings per share. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities analysts expect that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is currently 8.85%.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.