Horizon Investment Services LLC Sells 480 Shares of Comfort Systems USA, Inc. $FIX

Horizon Investment Services LLC cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 8.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,522 shares of the construction company’s stock after selling 480 shares during the period. Comfort Systems USA makes up approximately 1.9% of Horizon Investment Services LLC’s holdings, making the stock its 13th largest holding. Horizon Investment Services LLC’s holdings in Comfort Systems USA were worth $5,154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the period. State Street Corp raised its stake in shares of Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares in the last quarter. Invesco Ltd. raised its stake in shares of Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 6.8% in the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after buying an additional 53,125 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIX has been the subject of a number of recent research reports. Erste Group Bank initiated coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating for the company. UBS Group increased their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and an average price target of $1,991.50.

Comfort Systems USA Trading Up 1.8%

Shares of FIX stock opened at $1,877.52 on Friday. The stock has a market cap of $66.09 billion, a price-to-earnings ratio of 54.17 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a fifty day moving average of $1,781.45 and a 200-day moving average of $1,386.40. Comfort Systems USA, Inc. has a 52-week low of $489.54 and a 52-week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,500 shares of the 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 sale, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This trade represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,078 shares of company stock worth $46,651,175 over the last ninety days. Company insiders own 1.24% 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.