Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 54.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 847 shares of the construction company's stock after selling 1,010 shares during the quarter. Cresset Asset Management LLC's holdings in Comfort Systems USA were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after purchasing an additional 55 shares in the last quarter. Private Trust Co. NA lifted its position in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of Comfort Systems USA by 131.1% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after acquiring an additional 59 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, DA Davidson upped their target price 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $517.60.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock worth $14,642,235 over the last 90 days. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 0.2%

Shares of FIX stock traded up $1.08 during trading on Wednesday, hitting $473.65. 37,025 shares of the stock traded hands, compared to its average volume of 526,451. The firm's fifty day moving average price is $376.44 and its 200-day moving average price is $416.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $553.09. The firm has a market capitalization of $16.71 billion, a P/E ratio of 32.42 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $2.69 EPS. Comfort Systems USA's revenue for the quarter was up 19.1% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.45 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Comfort Systems USA Company 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.