Strid Group LLC Sells 1,061 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Strid Group LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 55.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 846 shares of the construction company's stock after selling 1,061 shares during the period. Strid Group LLC's holdings in Comfort Systems USA were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Parkside Financial Bank & Trust increased its stake in shares of Comfort Systems USA by 24.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock valued at $112,000 after purchasing an additional 52 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. US Bancorp DE increased its stake in shares of Comfort Systems USA by 4.4% during the fourth quarter. US Bancorp DE now owns 11,830 shares of the construction company's stock valued at $5,017,000 after purchasing an additional 495 shares in the last quarter. West Michigan Advisors LLC bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $261,000. Finally, Bridges Investment Management Inc. increased its stake in shares of Comfort Systems USA by 16.2% during the fourth quarter. Bridges Investment Management Inc. now owns 3,570 shares of the construction company's stock valued at $1,514,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FIX. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $525.80.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now owns 7,236 shares in the company, valued at $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $535.04 on Friday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $462.08 and a 200 day moving average of $421.07. The company has a market capitalization of $18.88 billion, a P/E ratio of 32.10 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the company posted $2.69 earnings per share. The firm's quarterly revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.34%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

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.

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