BTC Capital Management Inc. Has $679,000 Holdings in Comfort Systems USA, Inc. $FIX

BTC Capital Management Inc. lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,267 shares of the construction company’s stock after selling 419 shares during the quarter. BTC Capital Management Inc.’s holdings in Comfort Systems USA were worth $679,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kaufman Rossin Wealth LLC lifted its stake in shares of Comfort Systems USA by 12.6% in the 2nd quarter. Kaufman Rossin Wealth LLC now owns 971 shares of the construction company’s stock valued at $521,000 after purchasing an additional 109 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Comfort Systems USA by 10.6% during the second quarter. Farther Finance Advisors LLC now owns 1,219 shares of the construction company’s stock valued at $654,000 after buying an additional 117 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Comfort Systems USA by 7,675.2% in the second quarter. Assenagon Asset Management S.A. now owns 61,346 shares of the construction company’s stock worth $32,894,000 after buying an additional 60,557 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Comfort Systems USA by 9.1% during the 2nd quarter. Moody National Bank Trust Division now owns 2,996 shares of the construction company’s stock worth $1,606,000 after acquiring an additional 250 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its holdings in shares of Comfort Systems USA by 19.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock valued at $2,690,000 after acquiring an additional 809 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $796.56 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $28.10 billion, a P/E ratio of 40.93 and a beta of 1.54. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $806.58. The company’s 50 day moving average is $683.84 and its 200-day moving average is $516.19.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.74 EPS. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio is presently 10.28%.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of Comfort Systems USA stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at $15,507,156.57. The trade was a 16.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIX shares. William Blair started coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus increased their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $668.60.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.