Envestnet Portfolio Solutions Inc. Cuts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 45.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 824 shares of the construction company's stock after selling 700 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Comfort Systems USA were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Vanguard Group Inc. increased its stake in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares during the last quarter. FMR LLC grew its position in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after buying an additional 21,406 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after purchasing an additional 51,771 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of 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 acquiring an additional 105,756 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. 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. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $525.80.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director now owns 7,236 shares of the company's stock, valued at $3,155,619.60. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 in the last ninety days. Insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 3.7%

Shares of FIX stock opened at $535.04 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The business's 50 day moving average is $462.08 and its two-hundred day moving average is $420.73. The company has a market cap of $18.88 billion, a PE ratio of 32.10 and a beta of 1.51. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. Comfort Systems USA's revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.34%. Comfort Systems USA's dividend payout ratio (DPR) is presently 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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