Meeder Asset Management Inc. Sells 1,073 Shares of Comfort Systems USA, Inc. $FIX

Meeder Asset Management Inc. trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 23.0% in the third quarter, HoldingsChannel reports. The firm owned 3,586 shares of the construction company’s stock after selling 1,073 shares during the period. Meeder Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,959,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Monument Capital Management bought a new position in Comfort Systems USA during the second quarter valued at about $3,629,000. Private Client Services LLC grew its position in shares of Comfort Systems USA by 624.4% during the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after acquiring an additional 2,354 shares during the period. Brown Advisory Inc. increased its stake in shares of Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $27,000. Finally, Calamos Advisors LLC purchased a new position in Comfort Systems USA in the third quarter valued at approximately $1,527,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 4.0%

FIX stock opened at $1,010.61 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $35.64 billion, a PE ratio of 42.79 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,050.45. The stock has a 50-day simple moving average of $960.69 and a two-hundred day simple moving average of $804.39.

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. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million for the quarter. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on FIX. DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Insider Activity

In related news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $4,021,640. This represents a 38.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,028 shares of company stock worth $25,381,151. Company insiders own 1.59% of the company’s stock.

About Comfort Systems USA

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.