Alliancebernstein L.P. Has $95.33 Million Position in Comfort Systems USA, Inc. $FIX

Key Points

• Alliancebernstein L.P. reduced its stake in Comfort Systems USA, Inc. by 3.3% during Q1, selling 10,000 shares and maintaining ownership of approximately 295,744 shares worth $95.3 million.
• The company recently announced a quarterly dividend increase to $0.50 per share, paying a total of $2.00 annualized, which reflects a yield of 0.3%.
• Comfort Systems USA reported Q2 earnings with an EPS of $6.53, surpassing expectations, and a revenue increase of 20.1% year-over-year.

Alliancebernstein L.P. cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,744 shares of the construction company's stock after selling 10,000 shares during the quarter. Alliancebernstein L.P. owned about 0.84% of Comfort Systems USA worth $95,327,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares during the last quarter. Evergreen Capital Management LLC increased its position in Comfort Systems USA by 1.9% in the 1st quarter. Evergreen Capital Management LLC now owns 2,169 shares of the construction company's stock worth $699,000 after buying an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after buying an additional 42 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of Comfort Systems USA by 36.8% in the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the sale, the director directly owned 6,500 shares in the company, valued at $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

NYSE:FIX traded up $14.23 during mid-day trading on Thursday, hitting $766.33. The company's stock had a trading volume of 559,783 shares, compared to its average volume of 366,747. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 39.38 and a beta of 1.54. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $772.22. The stock has a fifty day moving average of $654.75 and a 200-day moving average of $496.32.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $3.74 earnings per share. The company's quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is currently 10.28%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday. They set an "outperform" rating for the company. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $635.60.

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.