Stifel Financial Corp Lowers Position in Comfort Systems USA, Inc. (NYSE:FIX)

Stifel Financial Corp lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,057 shares of the construction company's stock after selling 3,078 shares during the quarter. Stifel Financial Corp owned about 0.05% of Comfort Systems USA worth $7,439,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Comfort Systems USA by 60.3% in the 2nd quarter. CWM LLC now owns 218 shares of the construction company's stock valued at $66,000 after buying an additional 82 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Comfort Systems USA by 95.5% during the second quarter. AdvisorNet Financial Inc now owns 481 shares of the construction company's stock worth $146,000 after purchasing an additional 235 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Comfort Systems USA in the second quarter valued at approximately $253,000. Assenagon Asset Management S.A. increased its stake in Comfort Systems USA by 66.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,194 shares of the construction company's stock worth $1,580,000 after buying an additional 2,073 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Comfort Systems USA by 25.2% during the 2nd quarter. Blue Trust Inc. now owns 780 shares of the construction company's stock worth $248,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares of the company's stock, valued at $2,144,220. The trade was 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 three months. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Down 1.5 %

Shares of NYSE FIX traded down $7.00 during midday trading on Friday, hitting $462.06. 285,915 shares of the company's stock were exchanged, compared to its average volume of 377,905. The firm's fifty day simple moving average is $442.50 and its 200-day simple moving average is $368.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $16.44 billion, a PE ratio of 35.37 and a beta of 1.18. Comfort Systems USA, Inc. has a twelve month low of $194.30 and a twelve month high of $510.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $2.74 EPS. The company's revenue was up 31.5% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 price target on the stock. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Finally, UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $493.50.

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.