Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 44.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,582 shares of the construction company's stock after selling 3,712 shares during the quarter. Janney Montgomery Scott LLC's holdings in Comfort Systems USA were worth $1,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its holdings in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock valued at $950,000 after acquiring an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after acquiring an additional 42 shares during the last quarter. Covestor Ltd raised its stake in shares of Comfort Systems USA by 10.8% in the 4th quarter. Covestor Ltd now owns 515 shares of the construction company's stock valued at $218,000 after acquiring an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Comfort Systems USA by 24.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock worth $112,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FIX shares. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $558.80.

Comfort Systems USA Stock Down 2.6%

Comfort Systems USA stock traded down $13.98 during mid-day trading on Tuesday, reaching $522.23. 365,870 shares of the company's stock were exchanged, compared to its average volume of 415,872. The company has a fifty day moving average of $469.86 and a 200-day moving average of $421.95. The company has a market cap of $18.42 billion, a P/E ratio of 31.33 and a beta of 1.51. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business posted $2.69 earnings per share. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.34%. 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 dividend payout ratio (DPR) is presently 10.80%.

Insiders Place Their Bets

In related news, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director owned 7,236 shares of the company's stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company's stock.

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.