Yousif Capital Management LLC Sells 306 Shares of Comfort Systems USA, Inc. $FIX

Yousif Capital Management LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,999 shares of the construction company's stock after selling 306 shares during the quarter. Yousif Capital Management LLC's holdings in Comfort Systems USA were worth $6,434,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock valued at $1,225,673,000 after buying an additional 21,847 shares during the period. Westfield Capital Management Co. LP grew its position in Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after buying an additional 4,512 shares during the period. Jones Financial Companies Lllp grew its position in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after buying an additional 832,999 shares during the period. AQR Capital Management LLC grew its position in Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after buying an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.4% during the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock valued at $167,430,000 after buying an additional 138,541 shares during the period. Institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the company a "buy" rating in a report on Monday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average price target of $735.80.

Comfort Systems USA Price Performance

NYSE FIX opened at $831.86 on Wednesday. The company has a market cap of $29.35 billion, a PE ratio of 42.75 and a beta of 1.58. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $861.77. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $752.76 and its two-hundred day simple moving average is $571.34.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $713.90 million for the quarter. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's payout ratio is currently 10.28%.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 800 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the sale, the director directly owned 11,666 shares of the company's stock, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.