Lazard Asset Management LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,162 shares of the construction company's stock after selling 833 shares during the quarter. Lazard Asset Management LLC owned 0.11% of Comfort Systems USA worth $16,605,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Consolidated Planning Corp boosted its stake in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at $39,038,000. BOCHK Asset Management Ltd acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at $509,000. HB Wealth Management LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at $292,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company's stock valued at $1,042,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.
Insider Transactions at Comfort Systems USA
In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock valued at $14,642,235. 1.59% of the stock is currently owned by corporate insiders.
Comfort Systems USA Stock Up 2.1%
NYSE FIX traded up $9.53 during trading hours on Friday, reaching $472.90. 316,389 shares of the company's stock were exchanged, compared to its average volume of 440,029. The company's 50-day moving average is $370.85 and its two-hundred day moving average is $414.95. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $2.69 EPS. The company's revenue was up 19.1% compared to the same quarter last year. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend 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 currently 10.80%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $517.60.
Read Our Latest Analysis on Comfort Systems USA
Comfort Systems USA Profile
(
Free Report)
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.
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