Yousif Capital Management LLC Lowers Holdings in Comfort Systems USA, Inc. $FIX

Yousif Capital Management LLC lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,204 shares of the construction company’s stock after selling 795 shares during the quarter. Yousif Capital Management LLC’s holdings in Comfort Systems USA were worth $9,245,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FIX. Jones Financial Companies Lllp increased its stake in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the period. Norges Bank purchased a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $256,998,000. AQR Capital Management LLC increased its position in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Comfort Systems USA by 299.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $114,551,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIX. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. William Blair began coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, DA Davidson restated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $1,011.75.

Insider Activity

In related news, Director Darcy Anderson sold 4,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This trade represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,028 shares of company stock worth $25,381,151 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $964.43 on Wednesday. The firm has a market capitalization of $34.02 billion, a PE ratio of 40.83 and a beta of 1.64. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,036.67. The firm’s 50-day simple moving average is $939.46 and its 200 day simple moving average is $760.55. 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 (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $713.90 million during the quarter. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

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.