Thompson Davis & CO. Inc. Reduces Stock Position in Comfort Systems USA, Inc. $FIX

Thompson Davis & CO. Inc. lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 28.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,811 shares of the construction company’s stock after selling 718 shares during the period. Comfort Systems USA makes up approximately 1.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 5th largest position. Thompson Davis & CO. Inc.’s holdings in Comfort Systems USA were worth $2,498,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its holdings in 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 last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Comfort Systems USA by 3.0% during the fourth quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after buying an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 10 shares during the last quarter. West Michigan Advisors LLC boosted its position in shares of Comfort Systems USA by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $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% in the fourth quarter. EWA LLC now owns 379 shares of the construction company’s stock worth $353,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were 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 owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 0.2%

NYSE FIX opened at $1,971.17 on Friday. Comfort Systems USA, Inc. has a 1-year low of $489.98 and a 1-year high of $2,073.99. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $1,831.99 and its two-hundred day moving average is $1,420.84. The company has a market capitalization of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $4.75 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share 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. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. Glj Research assumed 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 objective for the company. Finally, Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating for the company. One 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 company. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $1,991.50.

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.