New Age Alpha Advisors LLC Sells 547 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Comfort Systems USA by 7.1%, selling 547 shares and bringing its total ownership to 7,175 shares valued at approximately $2.31 million.
• Comfort Systems USA recently announced an increase in its quarterly dividend to $0.50 per share, which will be paid on August 25th, representing an annual yield of 0.3%.
• The company reported strong earnings, with earnings per share of $6.53 for the last quarter, significantly beating analyst expectations and showing a 20.1% increase in revenue year-over-year.

New Age Alpha Advisors LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,175 shares of the construction company's stock after selling 547 shares during the period. New Age Alpha Advisors LLC's holdings in Comfort Systems USA were worth $2,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP grew its position in Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after purchasing an additional 4,512 shares in the last quarter. Bank of Nova Scotia bought a new stake in Comfort Systems USA in the first quarter worth approximately $5,452,000. R Squared Ltd grew its position in Comfort Systems USA by 44.4% in the first quarter. R Squared Ltd now owns 780 shares of the construction company's stock worth $251,000 after acquiring an additional 240 shares in the last quarter. Blueshift Asset Management LLC grew its position in Comfort Systems USA by 19.4% in the first quarter. Blueshift Asset Management LLC now owns 1,030 shares of the construction company's stock worth $332,000 after acquiring an additional 167 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in Comfort Systems USA by 124.8% in the first quarter. Moors & Cabot Inc. now owns 1,659 shares of the construction company's stock worth $535,000 after acquiring an additional 921 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $1.84 during trading hours on Friday, hitting $692.59. 376,055 shares of the company traded hands, compared to its average volume of 429,030. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 35.59 and a beta of 1.49. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $718.40. The firm has a 50-day moving average of $558.98 and a 200 day moving average of $450.83. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

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

Comfort Systems USA Increases Dividend

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

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director directly owned 26,535 shares in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction dated 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 sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,900 shares of company stock valued at $20,001,507 in the last 90 days. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on FIX. DA Davidson boosted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.