Panagora Asset Management Inc. Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Panagora Asset Management Inc. cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,203 shares of the construction company's stock after selling 3,472 shares during the period. Panagora Asset Management Inc. owned about 0.40% of Comfort Systems USA worth $29,453,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in Comfort Systems USA during the 4th quarter worth $26,000. GAMMA Investing LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $61,000. Spire Wealth Management purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $61,000. VisionPoint Advisory Group LLC acquired a new stake in Comfort Systems USA in the third quarter valued at approximately $59,000. Finally, Principal Securities Inc. purchased a new stake in Comfort Systems USA during the 4th quarter worth about $116,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Down 1.7 %

NYSE:FIX traded down $5.37 during mid-day trading on Friday, hitting $316.23. The company had a trading volume of 489,399 shares, compared to its average volume of 402,235. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 31.31 and a beta of 1.20. The business has a fifty day simple moving average of $314.84 and a 200-day simple moving average of $252.17. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1 year low of $144.45 and a 1 year high of $352.45.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, May 10th. Comfort Systems USA's dividend payout ratio (DPR) is currently 11.88%.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the company's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Pablo G. Mercado sold 1,200 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the sale, the director now owns 11,038 shares of the company's stock, valued at approximately $3,125,630.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vance W. Tang sold 988 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the transaction, the director now directly owns 11,173 shares of the company's stock, valued at approximately $3,832,339. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,102 shares of company stock valued at $15,285,379. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIX shares. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Friday. UBS Group increased their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Finally, DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th.

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.