Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,705 shares of the construction company’s stock after selling 354 shares during the period. Fifth Third Bancorp’s holdings in Comfort Systems USA were worth $550,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after buying an additional 72 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after acquiring an additional 77 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after acquiring an additional 62 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares of the company’s stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares of the company’s stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock valued at $18,696,795. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FIX shares. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Finally, Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $525.80.

Comfort Systems USA Stock Down 1.2%

FIX stock opened at $495.02 on Wednesday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The company’s 50 day simple moving average is $436.56 and its 200-day simple moving average is $419.68. The firm has a market capitalization of $17.46 billion, a PE ratio of 29.70 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm earned $2.69 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Comfort Systems USA Company Profile

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.