V Square Quantitative Management LLC Trims Stake in Comfort Systems USA, Inc. $FIX

V Square Quantitative Management LLC reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 35.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108 shares of the construction company’s stock after selling 60 shares during the quarter. V Square Quantitative Management LLC’s holdings in Comfort Systems USA were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC purchased a new position in shares of Comfort Systems USA during the first quarter worth approximately $31,000. Versant Capital Management Inc increased its position in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after acquiring an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares in the company, valued at approximately $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $833.65 on Friday. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 42.84 and a beta of 1.58. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $852.31. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $731.36 and a two-hundred day moving average of $543.46.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned $3.74 earnings per share. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s payout ratio is 10.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FIX shares. UBS Group raised their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus raised their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $668.60.

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.