Ifrah Financial Services Inc. Reduces Position in Comfort Systems USA, Inc. (NYSE:FIX)

Ifrah Financial Services Inc. reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,146 shares of the construction company’s stock after selling 267 shares during the period. Ifrah Financial Services Inc.’s holdings in Comfort Systems USA were worth $647,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $59,000. GAMMA Investing LLC bought a new position in Comfort Systems USA in the fourth quarter worth approximately $61,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Comfort Systems USA during the 3rd quarter worth $119,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 8,429 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 in the last three months. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Up 2.4 %

FIX traded up $7.32 during trading on Friday, hitting $315.03. The stock had a trading volume of 363,883 shares, compared to its average volume of 345,743. The stock has a 50 day simple moving average of $308.87 and a two-hundred day simple moving average of $239.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. Comfort Systems USA, Inc. has a twelve month low of $144.45 and a twelve month high of $335.25. The company has a market capitalization of $11.25 billion, a PE ratio of 31.19 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.51 EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio is 9.90%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. UBS Group boosted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. KeyCorp assumed coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, DA Davidson upped their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note 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.