Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,540 shares of the construction company’s stock after selling 192 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Comfort Systems USA were worth $317,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates increased its position in shares of Comfort Systems USA by 6.6% during the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after purchasing an additional 4,031 shares during the period. State of Michigan Retirement System acquired a new position in shares of Comfort Systems USA in the 4th quarter worth $1,769,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter worth $1,194,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Comfort Systems USA by 131.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,895 shares of the construction company’s stock worth $1,007,000 after acquiring an additional 2,780 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after acquiring an additional 216,200 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA 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 completion of the sale, the insider now owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,614 shares of company stock valued at $13,739,345. Insiders own 2.48% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent research reports. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. UBS Group lifted their price target on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp assumed coverage on Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, DA Davidson lifted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.

Comfort Systems USA Price Performance

FIX opened at $292.31 on Friday. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 32.48 and a beta of 1.19. Comfort Systems USA, Inc. has a 1 year low of $129.77 and a 1 year high of $335.25. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $296.34 and a 200 day moving average price of $228.77.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. Analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. Comfort Systems USA’s payout ratio is 11.11%.

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.