Cynosure Group LLC Has $953,000 Stock Position in Comfort Systems USA, Inc. $FIX

Cynosure Group LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,778 shares of the construction company’s stock after selling 220 shares during the quarter. Cynosure Group LLC’s holdings in Comfort Systems USA were worth $953,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Comfort Systems USA by 16.4% during the second quarter. American Century Companies Inc. now owns 99,035 shares of the construction company’s stock valued at $53,104,000 after acquiring an additional 13,981 shares during the period. Cowa LLC lifted its position in shares of Comfort Systems USA by 14.7% during the 2nd quarter. Cowa LLC now owns 11,927 shares of the construction company’s stock worth $6,395,000 after purchasing an additional 1,525 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in Comfort Systems USA by 38.9% during the 2nd quarter. Journey Strategic Wealth LLC now owns 978 shares of the construction company’s stock valued at $524,000 after purchasing an additional 274 shares during the period. Franklin Resources Inc. boosted its stake in Comfort Systems USA by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 190,737 shares of the construction company’s stock valued at $102,275,000 after purchasing an additional 31,145 shares during the period. Finally, Archer Investment Corp grew its holdings in Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after buying an additional 20 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FIX shares. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group upped their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday. William Blair assumed coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $892.75.

Comfort Systems USA Trading Up 2.2%

Shares of Comfort Systems USA stock opened at $895.15 on Friday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,020.26. The firm has a market capitalization of $31.57 billion, a PE ratio of 37.90 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The company’s fifty day moving average price is $871.85 and its two-hundred day moving average price is $682.60.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million during the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 13th will be paid a $0.60 dividend. The ex-dividend date is Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,000 shares of company stock worth $14,491,878 in the last 90 days. 1.59% of the stock is owned by corporate insiders.

About Comfort Systems USA

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.