Yousif Capital Management LLC Reduces Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• Yousif Capital cut its stake in Comfort Systems USA by 67.5%, selling 7,565 shares in Q4 and leaving 3,639 shares valued at about $3.396 million per its SEC filing.
• Significant insider selling occurred: Directors William Sandbrook and Franklin Myers sold large blocks (2,500 and 8,636 shares respectively) and insiders disposed of 37,288 shares worth $53.68 million over the last quarter.
• Company fundamentals remain strong: Comfort Systems beat Q4 estimates with EPS of $9.37 vs. $6.75 and revenue of $2.65B (up 41.7% YoY), and it raised the quarterly dividend to $0.70 ($2.80 annualized).

Yousif Capital Management LLC reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,639 shares of the construction company's stock after selling 7,565 shares during the period. Yousif Capital Management LLC's holdings in Comfort Systems USA were worth $3,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA in the third quarter worth $25,000. Quent Capital LLC purchased a new stake in Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. lifted its stake in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after acquiring an additional 15 shares during the period. Eastern Bank purchased a new stake in Comfort Systems USA in the third quarter worth $31,000. Finally, JFS Wealth Advisors LLC lifted its stake in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock worth $41,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares of the company's stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares of the company's stock, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,288 shares of company stock worth $53,677,038 over the last quarter. Corporate insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a report on Monday, February 23rd. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 24th. UBS Group restated a "buy" rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, DA Davidson raised their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average target price of $1,573.67.

Comfort Systems USA Price Performance

FIX stock opened at $1,594.23 on Friday. The firm has a 50 day moving average price of $1,376.16 and a 200-day moving average price of $1,102.22. Comfort Systems USA, Inc. has a 52-week low of $321.95 and a 52-week high of $1,614.00. The firm has a market capitalization of $56.07 billion, a price-to-earnings ratio of 55.16 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the business earned $4.09 earnings per share. The business's revenue was up 41.7% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's payout ratio is presently 9.69%.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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