Envestnet Asset Management Inc. Reduces Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Envestnet Asset Management Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,043 shares of the construction company’s stock after selling 3,889 shares during the quarter. Envestnet Asset Management Inc. owned about 0.21% of Comfort Systems USA worth $23,866,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIX. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $514,000. EverSource Wealth Advisors LLC raised its stake 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 during the period. Swiss National Bank raised its stake in Comfort Systems USA by 0.6% during the 4th quarter. Swiss National Bank now owns 70,100 shares of the construction company’s stock worth $29,727,000 after acquiring an additional 400 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Comfort Systems USA by 1,300.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock worth $48,000 after acquiring an additional 104 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Comfort Systems USA by 41.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,770 shares of the construction company’s stock worth $2,447,000 after acquiring an additional 1,704 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.4%

Comfort Systems USA stock opened at $540.62 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The stock’s 50 day simple moving average is $496.65 and its two-hundred day simple moving average is $428.70. The firm has a market cap of $19.07 billion, a PE ratio of 32.43 and a beta of 1.51.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.33%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

Insiders Place Their Bets

In other news, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director directly owned 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the transaction, the director owned 26,535 shares of the company’s stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIX shares. DA Davidson lifted their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Wall Street Zen lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $572.60.

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.