Bridge City Capital LLC Has $6.11 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Bridge City Capital LLC reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,187 shares of the construction company’s stock after selling 2,216 shares during the quarter. Comfort Systems USA makes up about 2.9% of Bridge City Capital LLC’s holdings, making the stock its biggest holding. Bridge City Capital LLC owned about 0.10% of Comfort Systems USA worth $6,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Comfort Systems USA by 2.4% during the first quarter. Ameritas Investment Partners Inc. now owns 2,847 shares of the construction company’s stock valued at $416,000 after acquiring an additional 68 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Comfort Systems USA by 16.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 514 shares of the construction company’s stock worth $84,000 after purchasing an additional 72 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Comfort Systems USA by 1.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,477 shares of the construction company’s stock worth $653,000 after purchasing an additional 80 shares in the last quarter. State of Wyoming raised its holdings in Comfort Systems USA by 3.8% in the 4th quarter. State of Wyoming now owns 2,216 shares of the construction company’s stock worth $255,000 after purchasing an additional 82 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Comfort Systems USA by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,277 shares of the construction company’s stock worth $2,344,000 after purchasing an additional 90 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Comfort Systems USA in a research note on Thursday, October 5th. They issued a “buy” rating for the company. DA Davidson increased their target price on Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 28th.

Insider Activity at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $187.59, for a total transaction of $253,246.50. Following the completion of the transaction, the senior vice president now owns 6,965 shares of the company’s stock, valued at approximately $1,306,564.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Brian E. Lane sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $181.29, for a total transaction of $1,160,256.00. Following the completion of the sale, the insider now owns 277,526 shares of the company’s stock, valued at $50,312,688.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Laura Finley Howell sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $187.59, for a total transaction of $253,246.50. Following the sale, the senior vice president now directly owns 6,965 shares of the company’s stock, valued at approximately $1,306,564.35. The disclosure for this sale can be found here. Insiders sold a total of 48,038 shares of company stock valued at $8,865,493 in the last 90 days. Corporate insiders own 2.48% of the company’s stock.

Comfort Systems USA Stock Up 0.6 %

FIX traded up $1.21 during trading on Friday, reaching $194.98. The stock had a trading volume of 256,095 shares, compared to its average volume of 267,518. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $175.28 and its two-hundred day moving average is $168.83. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 24.40 and a beta of 1.19. Comfort Systems USA, Inc. has a one year low of $111.28 and a one year high of $202.90.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Friday, October 27th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.54. Comfort Systems USA had a net margin of 5.78% and a return on equity of 25.39%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $1.67 EPS. Comfort Systems USA’s quarterly revenue was up 23.0% compared to the same quarter last year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.23. Comfort Systems USA’s dividend payout ratio (DPR) is 12.52%.

Comfort Systems USA Profile

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.