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

Verus Capital Partners LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 23.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other large investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at $33,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $46,000. Finally, Ascentis Independent Advisors acquired a new position in Comfort Systems USA during the 1st quarter worth about $46,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 28,778 shares of company stock worth $56,257,229. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FIX. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Stock Up 1.8%

Shares of NYSE FIX opened at $1,728.56 on Friday. The stock has a market cap of $60.83 billion, a P/E ratio of 42.51 and a beta of 1.66. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The business’s fifty day simple moving average is $1,817.97 and its 200-day simple moving average is $1,591.10.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed 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 represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 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.