Laurus Investment Counsel Inc. Has $1.08 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Laurus Investment Counsel Inc. lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270 shares of the construction company’s stock after selling 520 shares during the period. Laurus Investment Counsel Inc.’s holdings in Comfort Systems USA were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIX. Point72 Asset Management L.P. acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $35,000. AdvisorNet Financial Inc boosted its stake in shares of Comfort Systems USA by 2,410.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock valued at $43,000 after purchasing an additional 241 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $55,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at $59,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Comfort Systems USA by 172.9% in the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $317.67 on Thursday. The stock has a market capitalization of $11.33 billion, a P/E ratio of 35.30 and a beta of 1.19. Comfort Systems USA, Inc. has a 1-year low of $127.09 and a 1-year high of $329.43. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $266.12 and a two-hundred day moving average price of $214.38.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.40. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. Equities analysts predict that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.11%.

Insider Activity

In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last ninety days. 2.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FIX. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group lifted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp initiated coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th.

About Comfort Systems USA

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.