Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,900 shares of the construction company's stock after selling 900 shares during the period. North Star Investment Management Corp.'s holdings in Comfort Systems USA were worth $935,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC raised its holdings in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares in the last quarter. Colonial Trust Co SC increased its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after purchasing an additional 59 shares during the period. Finally, Private Trust Co. NA raised its position in 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 buying an additional 31 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 12,500 shares of the 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 sale, the chief financial officer now owns 47,473 shares of the company's stock, 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 have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FIX has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $525.80.

Comfort Systems USA Stock Down 1.7%

Comfort Systems USA stock opened at $492.60 on Monday. The company has a market capitalization of $17.38 billion, a P/E ratio of 33.72 and a beta of 1.51. The firm's fifty day simple moving average is $430.04 and its 200-day simple moving average is $419.10. 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 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced 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. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business's quarterly revenue was up 19.1% compared to the same quarter last year. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a dividend of $0.45 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 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.

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