First Hawaiian Bank Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

First Hawaiian Bank lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 63.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,225 shares of the construction company's stock after selling 2,143 shares during the period. First Hawaiian Bank's holdings in Comfort Systems USA were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA during the third quarter valued at about $138,987,000. Millennium Management LLC grew its position in shares of Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Jennison Associates LLC raised its stake in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC boosted its stake in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock worth $51,797,000 after purchasing an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $29,743,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last ninety days. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FIX. UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and a consensus price target of $493.50.

Comfort Systems USA Trading Down 2.3 %

NYSE:FIX traded down $10.55 during midday trading on Friday, hitting $439.72. 255,115 shares of the company traded hands, compared to its average volume of 357,119. The firm has a market capitalization of $15.65 billion, a P/E ratio of 33.64 and a beta of 1.23. The firm's fifty day moving average is $457.31 and its 200-day moving average is $386.41. Comfort Systems USA, Inc. has a 12-month low of $198.30 and a 12-month high of $510.79. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.32%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.71%.

Comfort Systems USA 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.