Fifth Third Wealth Advisors LLC Trims Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Fifth Third Wealth Advisors LLC cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,214 shares of the construction company’s stock after selling 43 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Comfort Systems USA were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Versant Capital Management Inc grew its position in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after buying an additional 72 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares during the period. Colonial Trust Co SC grew its position in shares of Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 67 shares during the period. Rothschild Investment LLC grew its position in shares of Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock worth $39,000 after buying an additional 62 shares during the period. Finally, Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $497.31 on Wednesday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The stock has a market capitalization of $17.54 billion, a PE ratio of 34.04 and a beta of 1.48. The firm’s 50 day moving average price is $401.20 and its 200-day moving average price is $418.73. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business earned $2.69 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director now directly owns 7,236 shares of the company’s stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer now directly owns 47,473 shares of the company’s stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,800 shares of company stock worth $14,642,235. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of several recent analyst reports. DA Davidson increased their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $525.80.

Comfort Systems USA 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.