Greenwood Capital Associates LLC Has $1.39 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Greenwood Capital Associates LLC lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,768 shares of the construction company’s stock after selling 198 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Comfort Systems USA were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. boosted its position in Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after purchasing an additional 50,001 shares during the period. FMR LLC grew its stake in Comfort Systems USA by 61.0% in the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock valued at $97,266,000 after buying an additional 216,200 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Comfort Systems USA in the 4th quarter valued at $87,733,000. Federated Hermes Inc. raised its holdings in Comfort Systems USA by 2.3% in the 3rd quarter. Federated Hermes Inc. now owns 425,840 shares of the construction company’s stock worth $72,567,000 after acquiring an additional 9,634 shares during the period. Finally, Norges Bank acquired a new position in Comfort Systems USA during the 4th quarter worth $81,299,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FIX shares. DA Davidson raised their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday, May 25th.

Read Our Latest Stock Analysis on FIX

Comfort Systems USA Stock Performance

Shares of FIX stock traded down $11.06 during mid-day trading on Friday, reaching $313.85. The stock had a trading volume of 263,907 shares, compared to its average volume of 346,016. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $352.45. The firm has a market cap of $11.21 billion, a PE ratio of 31.07 and a beta of 1.16. The firm’s 50 day simple moving average is $318.35 and its 200 day simple moving average is $270.94. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIXGet Free Report) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.26 by $0.43. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. Comfort Systems USA’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business earned $1.51 earnings per share. On average, analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. Comfort Systems USA’s dividend payout ratio is 11.88%.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the director now owns 11,173 shares in the company, valued at $3,832,339. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now owns 11,173 shares in the company, valued at approximately $3,832,339. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the sale, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock valued at $2,622,664 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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