Greenwood Capital Associates LLC Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Greenwood Capital Associates LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,768 shares of the construction company’s stock after selling 198 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Comfort Systems USA were worth $1,392,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its holdings in Comfort Systems USA by 7.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,463 shares of the construction company’s stock valued at $249,000 after purchasing an additional 101 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after buying an additional 60 shares during the last quarter. UBS Group AG increased its holdings in shares of Comfort Systems USA by 203.2% during the 3rd quarter. UBS Group AG now owns 21,249 shares of the construction company’s stock worth $3,621,000 after buying an additional 14,241 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $119,000. Finally, Deutsche Bank AG grew its position in Comfort Systems USA by 6.5% during the third quarter. Deutsche Bank AG now owns 21,379 shares of the construction company’s stock valued at $3,643,000 after acquiring an additional 1,296 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.

Comfort Systems USA Stock Down 3.4 %

NYSE:FIX traded down $11.06 during mid-day trading on Friday, hitting $313.85. The company had a trading volume of 263,907 shares, compared to its average volume of 346,016. The business has a fifty day simple moving average of $318.35 and a 200-day simple moving average of $270.94. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 31.07 and a beta of 1.16. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $352.45. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.30 dividend. The ex-dividend date was Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s dividend payout ratio is 11.88%.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at approximately $3,832,339. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the sale, the director now directly owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The disclosure for this sale can be found here. In the last three months, insiders sold 7,961 shares of company stock valued at $2,622,664. Corporate insiders own 1.80% of the company’s stock.

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.