Hunter Associates Investment Management LLC Sells 476 Shares of Comfort Systems USA, Inc. $FIX

Hunter Associates Investment Management LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,988 shares of the construction company’s stock after selling 476 shares during the period. Hunter Associates Investment Management LLC’s holdings in Comfort Systems USA were worth $4,122,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in shares of 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 acquiring an additional 993 shares in the last quarter. Focus Partners Wealth lifted its stake in Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $567,000. Finally, Sei Investments Co. boosted its holdings in shares of Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 17,839 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group boosted their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research note on Friday, April 24th. Erste Group Bank began coverage on Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

Insider Activity

In other news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William George III sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the transaction, the chief financial officer owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This trade represents a 2.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Down 0.0%

Shares of FIX opened at $1,741.16 on Friday. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The stock has a market capitalization of $61.29 billion, a price-to-earnings ratio of 50.24 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a fifty day moving average of $1,884.63 and a 200-day moving average of $1,485.52.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change 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 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.