Stifel Financial Corp Sells 2,934 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Stifel Financial Corp lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,123 shares of the construction company's stock after selling 2,934 shares during the period. Stifel Financial Corp's holdings in Comfort Systems USA were worth $6,837,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares during the period. Harbor Investment Advisory LLC grew its position in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Private Trust Co. NA increased its holdings in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after purchasing an additional 104 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake 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 buying an additional 28 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average target price of $517.60.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now directly owns 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Up 3.4 %

NYSE:FIX traded up $14.06 during trading hours on Friday, reaching $432.11. The company had a trading volume of 444,239 shares, compared to its average volume of 441,638. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 29.58 and a beta of 1.27. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The business's 50-day simple moving average is $348.07 and its two-hundred day simple moving average is $411.91. The company has a quick ratio of 1.02, a current ratio of 1.04 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 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company's revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. On average, equities analysts expect 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 will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.42%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Comfort Systems USA Company 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.