Fuller & Thaler Asset Management Inc. Cuts Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Fuller & Thaler Asset Management Inc. reduced its holdings in Comfort Systems USA by 0.5%, retaining 645,434 shares valued at approximately $208 million, which is 0.8% of their total portfolio.
• Comfort Systems USA's stock received multiple upgrades from research firms, with price targets ranging from $710 to $810, indicating strong analyst confidence in the company's growth potential.
• The company recently announced a quarterly dividend increase to $0.50 per share, reflecting a positive shift in its annualized dividend payout and a relatively low payout ratio of 10.28%.

Fuller & Thaler Asset Management Inc. decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,434 shares of the construction company's stock after selling 3,031 shares during the quarter. Comfort Systems USA comprises approximately 0.8% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 22nd biggest holding. Fuller & Thaler Asset Management Inc. owned approximately 1.83% of Comfort Systems USA worth $208,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aptus Capital Advisors LLC raised its holdings in Comfort Systems USA by 12.3% during the 1st quarter. Aptus Capital Advisors LLC now owns 29,263 shares of the construction company's stock valued at $9,432,000 after acquiring an additional 3,200 shares during the period. Northern Trust Corp raised its holdings in Comfort Systems USA by 0.9% during the 1st quarter. Northern Trust Corp now owns 317,615 shares of the construction company's stock valued at $102,377,000 after acquiring an additional 2,794 shares during the period. Brooklyn Investment Group raised its holdings in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after acquiring an additional 83 shares during the period. Algert Global LLC raised its holdings in Comfort Systems USA by 4.8% during the 1st quarter. Algert Global LLC now owns 39,389 shares of the construction company's stock valued at $12,696,000 after acquiring an additional 1,789 shares during the period. Finally, Cowa LLC raised its holdings in Comfort Systems USA by 95.2% during the 1st quarter. Cowa LLC now owns 10,402 shares of the construction company's stock valued at $3,353,000 after acquiring an additional 5,074 shares during the period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE:FIX traded down $4.7380 during midday trading on Friday, hitting $689.2620. The company had a trading volume of 525,670 shares, compared to its average volume of 470,419. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $733.24. The stock's fifty day moving average price is $594.30 and its 200-day moving average price is $464.97. The company has a market capitalization of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $3.74 earnings per share. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Insider Buying and Selling

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares in the company, valued at $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the sale, the chief accounting officer owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,205 shares of company stock valued at $20,932,366 in the last three months. 1.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FIX has been the topic of several research analyst reports. DA Davidson upped their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $635.60.

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.