Deroy & Devereaux Private Investment Counsel Inc. Sells 2,819 Shares of Comfort Systems USA, Inc. $FIX

Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 29.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,615 shares of the construction company’s stock after selling 2,819 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Comfort Systems USA were worth $5,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP raised its position in Comfort Systems USA by 5.3% during the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares during the period. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 3,032 shares during the last quarter. AQR Capital Management LLC raised its holdings in Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares during the period. JPMorgan Chase & Co. lifted its position in Comfort Systems USA by 3.4% in the second 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 during the last quarter. Finally, Norges Bank purchased a new position in Comfort Systems USA during the second quarter worth $256,998,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,091.68 on Friday. The firm’s 50 day simple moving average is $968.21 and its 200-day simple moving average is $815.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,114.61. The firm has a market cap of $38.50 billion, a PE ratio of 46.22 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $1.96. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.Comfort Systems USA’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS 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 issued a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FIX shares. UBS Group increased their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, DA Davidson reissued a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research note on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This trade represents a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.