HMS Capital Management LLC Has $726,000 Stake in Comfort Systems USA, Inc. $FIX

Key Points

• HMS Capital Management LLC reduced its stake in Comfort Systems USA by 30.8% during the second quarter, now holding 1,353 shares valued at $726,000.
• Insider transactions included Director William J. Sandbrook selling 800 shares for $586,848, decreasing his ownership by 6.42%.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, representing a yield of 0.3% and a payout ratio of 10.28%.

HMS Capital Management LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 30.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,353 shares of the construction company's stock after selling 602 shares during the period. HMS Capital Management LLC's holdings in Comfort Systems USA were worth $726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in shares of Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock worth $268,510,000 after purchasing an additional 832,999 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. GAMMA Investing LLC lifted its stake in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after buying an additional 253,677 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Comfort Systems USA by 299.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company's stock worth $103,085,000 after buying an additional 239,692 shares in the last quarter. Finally, Nuveen LLC bought a new position in Comfort Systems USA during the first quarter valued at about $74,634,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Trading Down 1.2%

Shares of Comfort Systems USA stock traded down $9.39 during trading on Friday, hitting $790.00. 131,748 shares of the company were exchanged, compared to its average volume of 461,124. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market capitalization of $27.87 billion, a P/E ratio of 40.67 and a beta of 1.54. The firm's fifty day moving average price is $678.71 and its 200 day moving average price is $510.58. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $806.58.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.74 EPS. As a group, 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 company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 in the last three months. 1.59% of the stock is owned by insiders.

Analyst Ratings Changes

FIX has been the subject of a number of research reports. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. Stifel Nicolaus raised their price objective 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. DA Davidson upped their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $668.60.

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.