Neumeier Poma Investment Counsel LLC Lowers Stock Holdings in Comfort Systems USA, Inc. $FIX

Neumeier Poma Investment Counsel LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 68.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,601 shares of the construction company’s stock after selling 31,007 shares during the period. Neumeier Poma Investment Counsel LLC’s holdings in Comfort Systems USA were worth $13,627,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. lifted its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares in the last quarter. West Michigan Advisors LLC lifted its stake in shares of Comfort Systems USA by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $717,000 after buying an additional 10 shares in the last quarter. EWA LLC lifted its stake in shares of Comfort Systems USA by 2.7% during the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after buying an additional 10 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Comfort Systems USA by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company’s stock worth $264,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,920.55 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. Comfort Systems USA, Inc. has a 1-year low of $469.16 and a 1-year high of $2,073.99. The firm has a market capitalization of $67.60 billion, a P/E ratio of 55.41 and a beta of 1.65. The company’s 50-day moving average is $1,727.59 and its 200 day moving average is $1,350.97.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the company posted $4.75 EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Analyst Ratings Changes

Several brokerages have commented on FIX. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. Finally, DA Davidson boosted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,969.33.

Insider Buying and Selling

In related news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last three months. 1.24% of the stock is currently owned by company insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.