Entropy Technologies LP Sells 2,602 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Entropy Technologies LP reduced its holdings in Comfort Systems USA by 54.2% in the 1st quarter, resulting in a position valued at $709,000.
• Comfort Systems USA reported $6.53 earnings per share, exceeding analysts' expectations, with a net margin of 9.01% and revenue of $2.17 billion for the quarter.
• The company declared a quarterly dividend increase to $0.50, up from $0.45, with the annualized yield being approximately 0.3%.

Entropy Technologies LP lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 54.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,199 shares of the construction company's stock after selling 2,602 shares during the period. Entropy Technologies LP's holdings in Comfort Systems USA were worth $709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FIX. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock worth $1,225,673,000 after acquiring an additional 21,847 shares during the period. Westfield Capital Management Co. LP grew its stake in Comfort Systems USA by 0.5% in the 1st quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock worth $286,757,000 after buying an additional 4,512 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock worth $167,430,000 after buying an additional 138,541 shares in the last quarter. First Trust Advisors LP grew its stake in Comfort Systems USA by 29.5% in the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock worth $196,675,000 after buying an additional 105,756 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Comfort Systems USA by 20.1% in the 4th quarter. Northern Trust Corp now owns 314,821 shares of the construction company's stock worth $133,503,000 after buying an additional 52,726 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Down 1.4%

Shares of Comfort Systems USA stock traded down $9.47 during trading on Friday, reaching $680.39. The company's stock had a trading volume of 408,860 shares, compared to its average volume of 461,570. The firm's 50-day moving average is $578.99 and its two-hundred day moving average is $458.11. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $733.24. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 34.96 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $3.74 EPS. The firm's revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson upped 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 note on Monday, July 28th. Finally, Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $635.60.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 8,436 shares of the company's 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. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,205 shares of company stock worth $20,932,366. Company insiders own 1.59% of the company's stock.

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.