Cornerstone Investment Partners LLC Decreases Position in Comfort Systems USA, Inc. (NYSE:FIX)

Cornerstone Investment Partners LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,107 shares of the construction company’s stock after selling 550 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Comfort Systems USA were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FIX. Baillie Gifford & Co. purchased a new position in Comfort Systems USA in the 3rd quarter worth $202,433,000. Capital World Investors grew its holdings in Comfort Systems USA by 32.3% in the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after acquiring an additional 570,560 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Comfort Systems USA by 417.5% in the 4th quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock worth $61,501,000 after acquiring an additional 431,146 shares during the last quarter. Norges Bank bought a new stake in Comfort Systems USA in the 4th quarter worth $49,490,000. Finally, FMR LLC grew its holdings in 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 1.3 %

Shares of FIX traded down $3.85 during trading hours on Friday, reaching $288.39. 154,254 shares of the company traded hands, compared to its average volume of 348,443. Comfort Systems USA, Inc. has a 12 month low of $129.77 and a 12 month 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. The company’s fifty day moving average price is $296.34 and its two-hundred day moving average price is $228.77. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 32.41 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Comfort Systems USA’s quarterly revenue was up 21.5% on a year-over-year basis. Equities research analysts predict 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 disclosed 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 0.35%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s payout ratio is currently 11.11%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the transaction, the insider now directly owns 227,926 shares of the company’s stock, valued at $71,142,542.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the transaction, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 over the last quarter. Corporate insiders own 2.48% of the company’s stock.

Analyst Ratings Changes

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

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.