Private Client Services LLC Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Private Client Services LLC decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 61.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,892 shares of the construction company's stock after selling 3,007 shares during the period. Private Client Services LLC's holdings in Comfort Systems USA were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Private Trust Co. NA increased its position 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 worth $45,000 after buying an additional 31 shares during the period. Trust Point Inc. increased its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after buying an additional 32 shares during the period. Savant Capital LLC increased its position in shares of Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after buying an additional 33 shares during the period. 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 buying an additional 40 shares during the period. Finally, V Square Quantitative Management LLC increased its position in shares of Comfort Systems USA by 32.5% during the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock worth $71,000 after buying an additional 41 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated 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 now owns 47,473 shares of the company's stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,800 shares of company stock valued at $14,642,235. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 0.1%

Shares of Comfort Systems USA stock traded down $0.24 during trading hours on Friday, reaching $478.59. The company's stock had a trading volume of 322,364 shares, compared to its average volume of 439,228. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a market capitalization of $16.88 billion, a P/E ratio of 32.76 and a beta of 1.48. The stock's fifty day simple moving average is $395.28 and its two-hundred day simple moving average is $418.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last 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. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Analysts Set New Price Targets

A number of equities research analysts have commented on FIX shares. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. Finally, Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $525.80.

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.