Renaissance Group LLC Cuts Stock Holdings in Comfort Systems USA, Inc. $FIX

Renaissance Group LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,796 shares of the construction company’s stock after selling 13,908 shares during the quarter. Comfort Systems USA accounts for 1.5% of Renaissance Group LLC’s investment portfolio, making the stock its 21st largest holding. Renaissance Group LLC’s holdings in Comfort Systems USA were worth $36,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Ameriflex Group Inc. boosted its holdings in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $28,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its position 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 valued at $41,000 after purchasing an additional 10 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 17 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,713.52 on Thursday. The company has a market cap of $60.32 billion, a PE ratio of 49.44 and a beta of 1.65. Comfort Systems USA, Inc. has a 52 week low of $486.73 and a 52 week high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $1,763.06 and its two-hundred day simple moving average is $1,376.26.

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

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Oppenheimer started 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 objective for the company. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,991.50.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 1,000 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction 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 owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 24,078 shares of company stock worth $46,651,175. Company insiders own 1.24% of the company’s stock.

About Comfort Systems USA

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.