Smith Group Asset Management LLC Has $82.14 Million Stake in Comfort Systems USA, Inc. $FIX

Smith Group Asset Management LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 8.2% during the 1st quarter, HoldingsChannel reports. The firm owned 59,568 shares of the construction company’s stock after selling 5,305 shares during the quarter. Comfort Systems USA comprises about 4.2% of Smith Group Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Smith Group Asset Management LLC’s holdings in Comfort Systems USA were worth $82,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at $28,000. CENTRAL TRUST Co bought a new position in Comfort Systems USA during the first quarter worth about $46,000. Ascentis Independent Advisors bought a new position in Comfort Systems USA during the first quarter worth about $46,000. Brown Lisle Cummings Inc. acquired a new position in Comfort Systems USA in the first quarter valued at about $47,000. Finally, Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the first quarter worth about $48,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

FIX stock opened at $1,622.23 on Wednesday. The stock has a 50-day moving average price of $1,829.20 and a two-hundred day moving average price of $1,581.48. Comfort Systems USA, Inc. has a 1 year low of $655.96 and a 1 year high of $2,073.99. The stock has a market cap of $57.09 billion, a PE ratio of 39.90 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 (NYSE:FIX) last issued 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 company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.53 earnings per share. Equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction that occurred on 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 $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction 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. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,278 shares of company stock worth $57,147,119. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday. KeyCorp raised their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Oppenheimer initiated 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 target on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,057.86.

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.