Brown Advisory Inc. Sells 91 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Brown Advisory Inc. decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 697 shares of the construction company’s stock after selling 91 shares during the period. Brown Advisory Inc.’s holdings in Comfort Systems USA were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 35.1% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 9,823 shares of the construction company’s stock valued at $3,166,000 after buying an additional 2,553 shares during the period. California First Leasing Corp acquired a new stake in shares of Comfort Systems USA in the first quarter valued at about $2,534,000. TD Private Client Wealth LLC increased its stake in shares of Comfort Systems USA by 26.1% in the first quarter. TD Private Client Wealth LLC now owns 1,236 shares of the construction company’s stock valued at $398,000 after buying an additional 256 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at about $50,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Comfort Systems USA in the first quarter valued at about $3,117,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Comfort Systems USA Stock Up 1.5%

Shares of NYSE:FIX opened at $547.05 on Thursday. The business’s 50 day simple moving average is $498.95 and its two-hundred day simple moving average is $429.51. The firm has a market cap of $19.30 billion, a P/E ratio of 32.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

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

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In related news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction 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 directly owned 26,535 shares in the company, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on 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 sale, the insider owned 198,046 shares in the company, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock valued at $18,696,795 in the last ninety days. 1.59% of the stock is owned by corporate insiders.

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.