Bessemer Group Inc. Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Bessemer Group Inc. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 53.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,143 shares of the construction company's stock after selling 34,108 shares during the period. Bessemer Group Inc. owned about 0.08% of Comfort Systems USA worth $9,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA raised its holdings in shares of 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 acquiring an additional 31 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after purchasing an additional 40 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Comfort Systems USA by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after purchasing an additional 42 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Comfort Systems USA by 36.8% in the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after purchasing an additional 43 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Comfort Systems USA by 10.8% during the 4th quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred on 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 directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIX. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, DA Davidson raised their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of "Buy" and an average price target of $558.80.

Comfort Systems USA Stock Up 0.2%

NYSE:FIX traded up $1.12 during mid-day trading on Monday, hitting $536.12. The stock had a trading volume of 424,591 shares, compared to its average volume of 416,733. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The stock has a 50-day simple moving average of $462.08 and a two-hundred day simple moving average of $420.73. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $18.91 billion, a PE ratio of 32.16 and a beta of 1.51.

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, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. During the same quarter in the prior year, the business posted $2.69 EPS. The company's revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This is a positive change 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 0.34%. 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.