US Bancorp DE Sells 76 Shares of Comfort Systems USA, Inc. $FIX

US Bancorp DE lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,808 shares of the construction company’s stock after selling 76 shares during the period. US Bancorp DE’s holdings in Comfort Systems USA were worth $2,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $27,000. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $835.47 on Thursday. The firm has a market cap of $29.48 billion, a P/E ratio of 42.93 and a beta of 1.58. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $861.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The business’s fifty day moving average is $755.69 and its 200-day moving average is $573.16.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $713.90 million for the quarter. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is currently 10.28%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. William Blair initiated coverage on Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Stifel Nicolaus upped their price objective on Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a report on Monday. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $735.80.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 8,436 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pablo G. Mercado sold 1,078 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director owned 6,500 shares of the company’s stock, valued at approximately $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock worth $18,710,798 over the last quarter. 1.59% of the stock is currently owned by company 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.