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

Driehaus Capital Management LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,010 shares of the construction company's stock after selling 45,627 shares during the period. Driehaus Capital Management LLC owned 0.45% of Comfort Systems USA worth $67,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Consolidated Planning Corp boosted its stake in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after buying an additional 1,573 shares during the period. Diversified Trust Co purchased a new position in shares of Comfort Systems USA during the 4th quarter worth about $2,998,000. Raymond James Financial Inc. bought a new position in Comfort Systems USA during the 4th quarter valued at about $39,038,000. BOCHK Asset Management Ltd purchased a new stake in Comfort Systems USA in the 4th quarter worth about $509,000. Finally, HB Wealth Management LLC bought a new stake in Comfort Systems USA in the fourth quarter worth about $292,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 0.7 %

Shares of FIX traded down $3.29 during midday trading on Friday, reaching $435.86. 286,284 shares of the stock were exchanged, compared to its average volume of 440,248. The company has a market capitalization of $15.37 billion, a P/E ratio of 29.83 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company's 50 day moving average is $357.21 and its two-hundred day moving average is $412.61.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results 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 analysts' expectations of $1.77 billion. During the same period in the prior year, the business earned $2.69 EPS. The firm's quarterly revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.41%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now directly owns 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction 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. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,300 shares of company stock valued at $8,765,860. 1.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIX. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report 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 raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Finally, DA Davidson raised 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $517.60.

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.