Park Avenue Securities LLC Reduces Position in Comfort Systems USA, Inc. (NYSE:FIX)

Park Avenue Securities LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,825 shares of the construction company’s stock after selling 321 shares during the period. Park Avenue Securities LLC’s holdings in Comfort Systems USA were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in Comfort Systems USA by 15.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company’s stock worth $958,000 after purchasing an additional 300 shares during the period. Empowered Funds LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth $1,149,000. Kestra Private Wealth Services LLC boosted its stake in Comfort Systems USA by 2.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,826 shares of the construction company’s stock worth $774,000 after purchasing an additional 43 shares during the period. Savant Capital LLC boosted its stake in Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after purchasing an additional 33 shares during the period. Finally, Legato Capital Management LLC boosted its stake in Comfort Systems USA by 125.2% during the 4th quarter. Legato Capital Management LLC now owns 3,130 shares of the construction company’s stock worth $1,327,000 after purchasing an additional 1,740 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director now owns 26,535 shares of the company’s stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 0.9%

Shares of NYSE:FIX opened at $501.30 on Friday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 34.31 and a beta of 1.51. The firm’s 50-day simple moving average is $426.43 and its 200-day simple moving average is $420.12. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA’s payout ratio is presently 10.80%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FIX shares. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research note on Monday, February 24th. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Finally, DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $525.80.

Comfort Systems USA Profile

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.