Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Decreased by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,811 shares of the construction company’s stock after selling 190 shares during the period. Ifrah Financial Services Inc.’s holdings in Comfort Systems USA were worth $584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC lifted its stake in shares of Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after buying an additional 148,493 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after buying an additional 21,406 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock worth $198,391,000 after buying an additional 51,771 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Comfort Systems USA by 29.5% in the fourth quarter. First Trust Advisors LP now owns 463,790 shares of the construction company’s stock worth $196,675,000 after buying an additional 105,756 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director owned 7,236 shares of the company’s stock, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider owned 198,046 shares of the company’s stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $540.57 on Friday. The firm has a market capitalization of $19.07 billion, a P/E ratio of 32.43 and a beta of 1.51. The stock’s 50 day moving average price is $479.46 and its two-hundred day moving average price is $423.76. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.33%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. DA Davidson upped their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a report on Monday, June 30th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $558.80.

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.