Peregrine Asset Advisers Inc. Sells 647 Shares of Comfort Systems USA, Inc. $FIX

Peregrine Asset Advisers Inc. trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 8.7% in the 1st quarter, HoldingsChannel reports. The firm owned 6,783 shares of the construction company’s stock after selling 647 shares during the quarter. Comfort Systems USA makes up about 2.5% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 5th largest position. Peregrine Asset Advisers Inc.’s holdings in Comfort Systems USA were worth $9,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. NewEdge Advisors LLC raised its position in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA in the second quarter worth $567,000. Finally, Sei Investments Co. increased its stake in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after acquiring an additional 17,839 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. UBS Group increased their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Erste Group Bank assumed coverage on Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective for the company. Finally, Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,991.50.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the 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 transaction of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,778 shares of company stock worth $59,746,124 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,741.16 on Friday. The stock has a market capitalization of $61.29 billion, a PE ratio of 50.24 and a beta of 1.66. Comfort Systems USA, Inc. has a fifty-two week low of $513.99 and a fifty-two week high of $2,073.99. The company has a fifty day moving average of $1,884.34 and a two-hundred day moving average of $1,483.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last issued its quarterly 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 firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.75 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

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.