Comfort Systems USA, Inc. $FIX Shares Sold by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. reduced its holdings in Comfort Systems USA, Inc. by 43% in Q1, now owning 770 shares valued at $248,000.
• Analysts have a consensus rating of "Buy" for Comfort Systems USA, with an average price target of $635.60 and notable price target increases from firms like UBS and DA Davidson.
• Comfort Systems USA announced a quarterly dividend increase from $0.45 to $0.50, resulting in an annualized dividend yield of 0.3% and a payout ratio of 10.28%.

Northwestern Mutual Wealth Management Co. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770 shares of the construction company's stock after selling 581 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Comfort Systems USA were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Comfort Systems USA by 47.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 875 shares of the construction company's stock valued at $371,000 after acquiring an additional 281 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Comfort Systems USA by 102.7% during the 4th quarter. Ameriprise Financial Inc. now owns 142,641 shares of the construction company's stock valued at $60,488,000 after buying an additional 72,268 shares during the period. BNP Paribas Financial Markets increased its holdings in Comfort Systems USA by 106.2% during the 4th quarter. BNP Paribas Financial Markets now owns 54,456 shares of the construction company's stock worth $23,093,000 after purchasing an additional 28,041 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Comfort Systems USA by 8.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,282 shares of the construction company's stock valued at $544,000 after purchasing an additional 98 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Comfort Systems USA by 1,099.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 16,134 shares of the construction company's stock valued at $6,842,000 after buying an additional 14,789 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO William George III sold 8,436 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company's stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,283 shares of company stock valued at $17,627,965. Corporate insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA Stock Up 1.0%

Shares of FIX traded up $7.12 during trading hours on Monday, hitting $713.43. The company had a trading volume of 153,336 shares, compared to its average volume of 463,205. The company has a market capitalization of $25.17 billion, a PE ratio of 36.71 and a beta of 1.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $638.44 and its two-hundred day moving average price is $487.70.

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 business had revenue of $2.17 billion during 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%.The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $3.74 earnings per share. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is presently 10.28%.

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.