WBI Investments LLC Cuts Position in Comfort Systems USA, Inc. (NYSE:FIX)

WBI Investments LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 88.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 495 shares of the construction company's stock after selling 3,912 shares during the period. WBI Investments LLC's holdings in Comfort Systems USA were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 buying an additional 67,240 shares during the period. FMR LLC increased 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 buying an additional 148,493 shares during the period. Geode Capital Management LLC increased 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 buying an additional 21,406 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $217,771,000. Finally, Federated Hermes Inc. increased 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 buying an additional 51,771 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX opened at $470.48 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $16.60 billion, a PE ratio of 32.20 and a beta of 1.48. The company's 50 day simple moving average is $373.54 and its 200-day simple moving average is $415.84. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Analyst Ratings Changes

FIX has been the topic of several recent analyst reports. DA Davidson increased 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 note on Monday, April 28th. Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $517.60.

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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