EULAV Asset Management Sells 12,500 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

EULAV Asset Management decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,608 shares of the construction company's stock after selling 12,500 shares during the period. EULAV Asset Management owned 0.38% of Comfort Systems USA worth $42,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC boosted its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Versant Capital Management Inc boosted its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 valued at $34,000 after purchasing an additional 77 shares during the last quarter. Colonial Trust Co SC boosted its position in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Comfort Systems USA by 106.9% in the first 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 last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider directly owned 198,046 shares in the company, valued at $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer owned 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $0.48 during trading hours on Monday, hitting $540.50. 280,634 shares of the company's stock were exchanged, compared to its average volume of 412,595. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 32.42 and a beta of 1.51. The company's 50-day moving average price is $479.46 and its 200-day moving average price is $423.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business 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 EPS. The firm's revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.33%. 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 payout ratio is currently 10.80%.

Analyst Ratings Changes

A number of brokerages have weighed in on FIX. DA Davidson boosted their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $558.80.

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.