Comfort Systems USA, Inc. (NYSE:FIX) Position Cut by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,381 shares of the construction company's stock after selling 4,402 shares during the period. Comfort Systems USA comprises about 1.9% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 23rd largest position. Mountain Pacific Investment Advisers LLC owned about 0.22% of Comfort Systems USA worth $24,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after purchasing an additional 31 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Comfort Systems USA by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC increased its position in Comfort Systems USA by 32.5% during the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock worth $71,000 after purchasing an additional 41 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Comfort Systems USA by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after purchasing an additional 42 shares in the last quarter. Finally, Covestor Ltd grew its position in Comfort Systems USA by 10.8% in the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock valued at $218,000 after acquiring an additional 50 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

FIX traded up $3.58 during trading hours on Thursday, hitting $498.95. 465,378 shares of the stock were exchanged, compared to its average volume of 437,990. The stock has a 50-day simple moving average of $439.40 and a 200-day simple moving average of $420.23. 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 $17.60 billion, a price-to-earnings ratio of 29.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) 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 firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the business posted $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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 of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.36%. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 12,500 shares of the firm's stock in a transaction on 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 completion of the sale, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 over the last ninety days. 1.59% of the stock is owned by insiders.

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.