Comfort Systems USA, Inc. $FIX Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,834 shares of the construction company’s stock after selling 147 shares during the period. Ameritas Investment Partners Inc.’s holdings in Comfort Systems USA were worth $3,664,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock valued at $1,225,673,000 after purchasing an additional 21,847 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after buying an additional 46,773 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after buying an additional 832,999 shares during the period. Geode Capital Management LLC increased its stake in Comfort Systems USA by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after buying an additional 3,032 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Comfort Systems USA by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after buying an additional 17,469 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the sale, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. The trade was a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,000 shares of company stock worth $14,491,878. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIX has been the subject of several recent analyst reports. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. UBS Group lifted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $892.75.

Comfort Systems USA Trading Up 5.8%

Shares of FIX opened at $946.06 on Tuesday. The business’s 50-day moving average price is $875.13 and its 200 day moving average price is $687.93. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $33.37 billion, a P/E ratio of 40.05 and a beta of 1.55. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

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.