Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,710 shares of the construction company's stock after selling 5,929 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.10% of Comfort Systems USA worth $7,139,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Comfort Systems USA by 18.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company's stock worth $1,265,000 after buying an additional 1,175 shares during the last quarter. Advisor Partners II LLC boosted its position in shares of Comfort Systems USA by 73.6% during the 3rd quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company's stock valued at $568,000 after purchasing an additional 1,414 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $930,000. Portside Wealth Group LLC grew its stake in Comfort Systems USA by 3.6% during the third quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock worth $368,000 after purchasing an additional 74 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Comfort Systems USA by 99.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company's stock worth $14,208,000 after purchasing an additional 41,527 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 3,800 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the sale, the director now directly owns 43,741 shares in the company, valued at $13,848,400.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,800 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total value of $1,203,080.00. Following the sale, the director now owns 43,741 shares in the company, valued at $13,848,400.60. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 in the last three months. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FIX. DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. UBS Group increased their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. KeyCorp began coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th.

Comfort Systems USA Stock Up 2.4 %

Shares of FIX traded up $7.32 during trading hours on Friday, reaching $315.03. 363,883 shares of the stock traded hands, compared to its average volume of 345,743. Comfort Systems USA, Inc. has a 52 week low of $144.45 and a 52 week high of $335.25. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $308.87 and a 200 day simple moving average of $240.55. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 31.19 and a beta of 1.20.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. Comfort Systems USA's revenue was up 30.8% on a year-over-year basis. During the same period last year, the business posted $1.51 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 10th. Comfort Systems USA's payout ratio is presently 9.90%.

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.