Private Client Services LLC Has $202,000 Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Private Client Services LLC has significantly reduced its stake in Comfort Systems USA, Inc. by 80.1%, owning only 377 shares after selling 1,515 shares in the second quarter.
• Comfort Systems USA's stock has been receiving attention from analysts, with UBS Group raising its price target from $545.00 to $710.00 and assigning a "buy" rating.
• The company's quarterly earnings surpassed expectations with an EPS of $6.53, greatly exceeding the consensus estimate of $4.84, while revenue increased by 20.1% year-over-year.

Private Client Services LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 80.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377 shares of the construction company's stock after selling 1,515 shares during the period. Private Client Services LLC's holdings in Comfort Systems USA were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIX. Tradewinds Capital Management LLC lifted its holdings 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 purchasing an additional 27 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at $31,000. Versant Capital Management Inc increased its stake 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 worth $32,000 after acquiring an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake 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 worth $34,000 after acquiring an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In other news, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 8,436 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 in the last quarter. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FIX shares. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. William Blair started coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. UBS Group upped their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $668.60.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded down $14.19 during midday trading on Friday, hitting $785.20. The company's stock had a trading volume of 100,226 shares, compared to its average volume of 460,983. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 40.35 and a beta of 1.54. The stock's 50 day simple moving average is $678.71 and its 200 day simple moving average is $510.58. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $806.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

About Comfort Systems USA

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.