Nuveen Asset Management LLC Sells 26,613 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Nuveen Asset Management LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,894 shares of the construction company's stock after selling 26,613 shares during the period. Nuveen Asset Management LLC owned 0.64% of Comfort Systems USA worth $96,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Comfort Systems USA by 23.4% in the third quarter. Barclays PLC now owns 22,848 shares of the construction company's stock valued at $8,919,000 after acquiring an additional 4,331 shares during the period. Park Avenue Securities LLC boosted its position in shares of Comfort Systems USA by 11.2% in the fourth quarter. Park Avenue Securities LLC now owns 3,146 shares of the construction company's stock valued at $1,334,000 after acquiring an additional 316 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Comfort Systems USA by 89.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the construction company's stock valued at $122,000 after acquiring an additional 136 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $546,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock worth $14,642,235 in the last quarter. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

FIX stock traded up $2.71 during midday trading on Tuesday, hitting $472.95. The stock had a trading volume of 287,834 shares, compared to its average volume of 438,437. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 32.37 and a beta of 1.48. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock has a 50-day simple moving average of $373.54 and a 200 day simple moving average of $415.84. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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 return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $2.69 earnings per share. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA's dividend payout ratio is 10.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIX. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. DA Davidson raised their target price on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $517.60.

About Comfort Systems USA

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.