Neumeier Poma Investment Counsel LLC Reduces Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Neumeier Poma Investment Counsel LLC reduced its stock holdings in Comfort Systems USA by 20.8%, retaining 58,237 shares valued at approximately $18.77 million as of the end of the first quarter.
• Comfort Systems USA recently reported a quarterly earnings per share of $6.53, exceeding expectations of $4.84, and had a revenue of $2.17 billion, up 20.1% year-over-year.
• The company declared an increase in its quarterly dividend from $0.45 to $0.50 per share, reflecting a dividend payout ratio of 9.25%.

Neumeier Poma Investment Counsel LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,237 shares of the construction company's stock after selling 15,297 shares during the quarter. Comfort Systems USA accounts for approximately 2.0% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 24th biggest holding. Neumeier Poma Investment Counsel LLC owned 0.17% of Comfort Systems USA worth $18,772,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FIX. Tradewinds Capital Management LLC increased its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after buying an additional 37 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Comfort Systems USA by 106.9% in the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $689.09 on Thursday. The firm has a market capitalization of $24.31 billion, a P/E ratio of 35.41 and a beta of 1.49. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $718.40. 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 business's 50-day simple moving average is $546.12 and its 200-day simple moving average is $446.72.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 EPS. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a dividend of $0.50 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio is presently 9.25%.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction that occurred on 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 sale, the director owned 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,900 shares of company stock valued at $13,084,107. Corporate insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. UBS Group lifted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. DA Davidson lifted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus target price of $635.60.

Comfort Systems USA Company 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.

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