Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Archer Investment Corp

Archer Investment Corp trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 492 shares of the construction company’s stock after selling 58 shares during the quarter. Archer Investment Corp’s holdings in Comfort Systems USA were worth $101,000 at the end of the most recent reporting period.

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

Comfort Systems USA Price Performance

FIX stock opened at $299.99 on Thursday. The business has a 50 day moving average price of $295.24 and a 200 day moving average price of $228.33. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 33.33 and a beta of 1.19. Comfort Systems USA, Inc. has a fifty-two week low of $129.77 and a fifty-two week high of $335.25. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s payout ratio is 11.11%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,135,548.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,135,548.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last 90 days. 2.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIX. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. UBS Group boosted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, KeyCorp assumed coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company.

About Comfort Systems USA

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.