Comfort Systems USA, Inc. $FIX Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its holdings in Comfort Systems USA by 22.9% during Q2, now holding 1,665 shares worth $893,000.
• CFO William George III sold 8,436 shares of the company's stock for approximately $5.84 million, marking a significant reduction in his position.
• Comfort Systems USA recently increased its quarterly dividend to $0.50 per share, up from $0.45, reflecting a 10.28% payout ratio.

Inspire Investing LLC trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,665 shares of the construction company's stock after selling 495 shares during the quarter. Inspire Investing LLC's holdings in Comfort Systems USA were worth $893,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $27,000. Stone House Investment Management LLC purchased a new position in Comfort Systems USA in the 1st quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. grew its position 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. Finally, Brooklyn Investment Group grew its position in Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after buying an additional 83 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. The trade was a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,783 shares of company stock worth $18,710,798. Insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson lifted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA has an average rating of "Moderate Buy" and an average target price of $668.60.

Comfort Systems USA Trading Down 2.1%

NYSE:FIX opened at $817.14 on Friday. The company has a market capitalization of $28.83 billion, a PE ratio of 41.99 and a beta of 1.58. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $858.55. The stock has a fifty day simple moving average of $747.01 and a 200-day simple moving average of $564.25.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Comfort Systems USA 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.

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