Cim LLC Has $7.05 Million Holdings in Comfort Systems USA, Inc. $FIX

Cim LLC cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.8% during the 1st quarter, Holdings Channel reports. The firm owned 5,116 shares of the construction company’s stock after selling 2,858 shares during the period. Comfort Systems USA makes up 1.0% of Cim LLC’s holdings, making the stock its 27th largest holding. Cim LLC’s holdings in Comfort Systems USA were worth $7,055,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $28,000. CENTRAL TRUST Co bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at $46,000. Ascentis Independent Advisors acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth $46,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth $47,000. Finally, Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the first quarter worth $48,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on FIX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. KeyCorp raised their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Finally, Oppenheimer began 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 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,057.86.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated 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 transaction, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 28,778 shares of company stock valued at $56,257,229. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 6.8%

Shares of FIX stock opened at $1,516.21 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $655.96 and a fifty-two week high of $2,073.99. The stock’s fifty day moving average price is $1,822.84 and its two-hundred day moving average price is $1,585.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market cap of $53.36 billion, a PE ratio of 37.29 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the firm earned $6.53 EPS. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. Equities analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is 7.87%.

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.