Saturna Capital Corp Trims Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Saturna Capital Corp lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 30.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,451 shares of the construction company's stock after selling 1,048 shares during the period. Saturna Capital Corp's holdings in Comfort Systems USA were worth $790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. EverSource Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the last quarter. Colonial Trust Co SC increased its position in Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the period. Versant Capital Management Inc boosted its stake in 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 acquiring an additional 72 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after buying an additional 59 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

FIX stock traded up $4.83 during mid-day trading on Friday, hitting $555.33. 227,169 shares of the stock were exchanged, compared to its average volume of 411,482. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 33.31 and a beta of 1.51. The business has a fifty day moving average price of $503.56 and a 200 day moving average price of $431.26. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $559.36.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $2.69 EPS. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current 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 paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.32%. Comfort Systems USA's payout ratio is presently 10.80%.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 over the last quarter. Corporate insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIX. DA Davidson boosted their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Stifel Nicolaus increased 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 report on Friday, July 11th. Finally, Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $572.60.

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.