Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC cut its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 61.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,158 shares of the construction company's stock after selling 1,846 shares during the quarter. Blueshift Asset Management LLC's holdings in Comfort Systems USA were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Entropy Technologies LP purchased a new stake in shares of Comfort Systems USA in the third quarter worth $1,484,000. Cetera Advisors LLC purchased a new position in shares of Comfort Systems USA in the first quarter worth about $971,000. WCM Investment Management LLC grew its stake in shares of Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock worth $38,833,000 after purchasing an additional 14,090 shares during the last quarter. Schwartz Investment Counsel Inc. bought a new stake in shares of Comfort Systems USA in the third quarter worth about $1,327,000. Finally, Atria Investments Inc bought a new stake in shares of Comfort Systems USA in the first quarter worth about $1,192,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 1.4 %

FIX traded up $6.62 during trading on Friday, hitting $493.27. The stock had a trading volume of 166,847 shares, compared to its average volume of 382,559. The company has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50 day simple moving average of $424.04 and a two-hundred day simple moving average of $357.60.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the company posted $2.74 earnings per share. The firm's revenue was up 31.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. Comfort Systems USA's payout ratio is presently 10.71%.

Analysts Set New Price Targets

FIX has been the subject of several recent research reports. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a "buy" rating and a $524.00 target price for the company. Finally, UBS Group raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $481.00.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by insiders.

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.