Envestnet Asset Management Inc. Sells 3,889 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Envestnet Asset Management Inc. reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,043 shares of the construction company's stock after selling 3,889 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Comfort Systems USA worth $23,866,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC increased its position in 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 in the last quarter. Versant Capital Management Inc grew its position in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares during the period. Colonial Trust Co SC grew its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 67 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Trading Up 0.6%

NYSE FIX traded up $3.48 during trading on Friday, reaching $553.98. 22,575 shares of the stock traded hands, compared to its average volume of 472,153. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 33.16 and a beta of 1.51. The stock's 50-day moving average price is $501.17 and its 200 day moving average price is $430.36. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week high of $559.36.

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, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director directly owned 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is owned by corporate insiders.

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.