Kennedy Capital Management LLC Sells 2,905 Shares of Comfort Systems USA, Inc. $FIX

Kennedy Capital Management LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 27.1% in the 4th quarter, Holdings Channel reports. The fund owned 7,811 shares of the construction company’s stock after selling 2,905 shares during the quarter. Kennedy Capital Management LLC’s holdings in Comfort Systems USA were worth $7,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its stake in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Comfort Systems USA by 3.0% during the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. West Michigan Advisors LLC grew its stake in shares of Comfort Systems USA by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock worth $717,000 after acquiring an additional 10 shares during the period. Finally, EWA LLC grew its stake in shares of Comfort Systems USA by 2.7% during the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after acquiring an additional 10 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the sale, the chief financial officer directly owned 32,804 shares in the company, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,078 shares of company stock worth $46,651,175 in the last three months. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Erste Group Bank began coverage on Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Oppenheimer started coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Finally, DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,951.63 on Tuesday. The stock’s 50-day simple moving average is $1,792.15 and its 200 day simple moving average is $1,396.52. The stock has a market capitalization of $68.70 billion, a price-to-earnings ratio of 56.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $489.98 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.75 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

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.