Fiera Capital Corp Sells 56 Shares of Comfort Systems USA, Inc. $FIX

Fiera Capital Corp cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,669 shares of the construction company’s stock after selling 56 shares during the period. Fiera Capital Corp’s holdings in Comfort Systems USA were worth $3,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter worth about $27,000. Stone House Investment Management LLC bought a new stake in Comfort Systems USA in the first quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Comfort Systems USA by 259.4% in the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after purchasing an additional 83 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Finally, UBS Group increased their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Trading Up 1.1%

FIX stock opened at $907.29 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The company has a market cap of $32.00 billion, a P/E ratio of 38.41 and a beta of 1.55. The business has a fifty day moving average of $855.06 and a 200-day moving average of $663.78.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s payout ratio is 10.16%.

Insider Activity

In other Comfort Systems USA news, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the transaction, the director directly owned 11,666 shares in the company, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,078 shares of company stock worth $15,242,037. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Company 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.