Comfort Systems USA, Inc. (NYSE:FIX) Holdings Trimmed by CenterBook Partners LP

CenterBook Partners LP cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 22.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,889 shares of the construction company's stock after selling 1,120 shares during the period. CenterBook Partners LP's holdings in Comfort Systems USA were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 13.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock valued at $824,000 after purchasing an additional 296 shares during the period. Farther Finance Advisors LLC boosted its stake in Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after purchasing an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Comfort Systems USA by 256.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after purchasing an additional 1,467 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after purchasing an additional 90 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIX has been the topic of several analyst reports. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $572.60.

Comfort Systems USA Trading Up 0.9%

Shares of NYSE FIX traded up $4.83 on Friday, reaching $555.33. 227,169 shares of the company traded hands, compared to its average volume of 411,482. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $559.36. The company has a 50 day moving average of $503.56 and a 200 day moving average of $431.26. 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 stock has a market capitalization of $19.59 billion, a PE ratio of 33.31 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. Comfort Systems USA's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 EPS. On average, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director directly owned 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

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.