BayBridge Capital Group LLC Sells 619 Shares of Comfort Systems USA, Inc. $FIX

BayBridge Capital Group LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 71.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 247 shares of the construction company’s stock after selling 619 shares during the quarter. BayBridge Capital Group LLC’s holdings in Comfort Systems USA were worth $490,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $26,000. Avalon Trust Co bought a new position in shares of Comfort Systems USA during the second quarter valued at about $32,000. Field & Main Bank purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $32,000. Carolina Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the period. Finally, JNBA Financial Advisors purchased a new position in shares of Comfort Systems USA in the second quarter valued at about $42,000. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George, III sold 2,554 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FIX. KeyCorp upped their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday, August 20th. Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. Finally, Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Trading Up 2.4%

Shares of NYSE FIX opened at $1,648.94 on Wednesday. The firm’s 50 day moving average price is $1,694.96 and its 200-day moving average price is $1,685.29. The company has a market cap of $58.03 billion, a PE ratio of 40.55 and a beta of 1.67. Comfort Systems USA, Inc. has a 52-week low of $698.06 and a 52-week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results 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 net margin of 12.77% and a return on equity of 53.55%. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.53 earnings per share. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given 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 was Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.85%.

Comfort Systems USA 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.