Comfort Systems USA, Inc. $FIX Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 990 shares of the construction company’s stock after selling 307 shares during the quarter. Verus Capital Partners LLC’s holdings in Comfort Systems USA were worth $1,365,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signature Equity Partners LLC boosted its position in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after acquiring an additional 5 shares during the last quarter. Coston McIsaac & Partners raised its holdings in Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. Petra Financial Advisors Inc. raised its holdings in Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 7 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Comfort Systems USA by 1.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock worth $789,000 after purchasing an additional 8 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in Comfort Systems USA by 1.3% in the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,778 shares of company stock worth $56,257,229. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 1.8%

Shares of NYSE FIX opened at $1,728.56 on Friday. The company has a market capitalization of $60.83 billion, a P/E ratio of 42.51 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company has a 50 day simple moving average of $1,817.97 and a 200-day simple moving average of $1,591.10. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.53 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 7.87%.

Comfort Systems USA Company Profile

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.