Quantinno Capital Management LP Sells 1,441 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Quantinno Capital Management LP cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 38.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,286 shares of the construction company's stock after selling 1,441 shares during the quarter. Quantinno Capital Management LP's holdings in Comfort Systems USA were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC raised its stake in shares of Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after acquiring an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $217,771,000. Finally, Federated Hermes Inc. raised its stake in shares of Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after acquiring an additional 51,771 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the transaction, the insider now directly owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction on 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 now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,800 shares of company stock valued at $14,642,235. 1.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson lifted 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 note on Monday, April 28th. Stifel Nicolaus lifted 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 note on Friday, May 23rd. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average price target of $525.80.

Comfort Systems USA Trading Up 0.0%

Shares of NYSE FIX traded up $0.08 during mid-day trading on Thursday, hitting $477.00. The stock had a trading volume of 60,740 shares, compared to its average volume of 437,711. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The business has a 50 day moving average price of $391.17 and a two-hundred day moving average price of $418.11. The firm has a market cap of $16.83 billion, a P/E ratio of 32.66 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 earnings per share. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a dividend of $0.45 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's payout ratio is presently 10.80%.

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.