Redwood Investments LLC Has $4.57 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Redwood Investments LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 72.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,201 shares of the construction company’s stock after selling 58,784 shares during the quarter. Comfort Systems USA comprises 1.2% of Redwood Investments LLC’s portfolio, making the stock its 23rd biggest holding. Redwood Investments LLC owned approximately 0.06% of Comfort Systems USA worth $4,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. bought a new stake in shares of Comfort Systems USA in the third quarter valued at about $202,433,000. Capital World Investors lifted its stake in shares of Comfort Systems USA by 32.3% in the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after buying an additional 570,560 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Comfort Systems USA by 417.5% in the fourth quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock valued at $61,501,000 after buying an additional 431,146 shares during the period. Norges Bank bought a new position in Comfort Systems USA during the fourth quarter worth about $49,490,000. Finally, FMR LLC lifted its stake in Comfort Systems USA by 61.0% during the third quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after purchasing an additional 216,200 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. UBS Group raised their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, KeyCorp assumed coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

View Our Latest Report on Comfort Systems USA

Comfort Systems USA Trading Down 0.1 %

Shares of NYSE:FIX opened at $317.71 on Monday. The company’s 50-day moving average price is $270.65 and its two-hundred day moving average price is $216.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. Comfort Systems USA, Inc. has a one year low of $127.09 and a one year high of $329.43. The stock has a market capitalization of $11.34 billion, a PE ratio of 35.30 and a beta of 1.19.

Comfort Systems USA (NYSE:FIXGet Free Report) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.54 EPS. Comfort Systems USA’s quarterly revenue was up 21.5% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.11%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the sale, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. Company insiders own 2.48% of the company’s stock.

About Comfort Systems USA

(Free Report)

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

Further Reading

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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