Greenwood Capital Associates LLC Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Greenwood Capital Associates LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 37.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,865 shares of the construction company's stock after selling 1,126 shares during the period. Greenwood Capital Associates LLC's holdings in Comfort Systems USA were worth $601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Consolidated Planning Corp grew its position in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after acquiring an additional 1,573 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at $39,038,000. Empowered Funds LLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at $1,149,000. Kestra Investment Management LLC raised its position in Comfort Systems USA by 28.1% in the 4th quarter. Kestra Investment Management LLC now owns 3,480 shares of the construction company's stock worth $1,476,000 after purchasing an additional 763 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Comfort Systems USA by 67.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock worth $65,000 after purchasing an additional 61 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director now directly owns 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Trading Down 1.7%

Shares of NYSE FIX traded down $8.65 during trading hours on Friday, hitting $492.60. The company's stock had a trading volume of 335,630 shares, compared to its average volume of 437,161. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 33.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The business has a 50-day simple moving average of $426.43 and a 200-day simple moving average of $420.12.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts anticipate 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 paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.37%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

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.