Blueshift Asset Management LLC Has $452,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Blueshift Asset Management LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 61.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 SEC.

Several other hedge funds have also recently bought and sold shares of FIX. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the second quarter worth $41,000. Finally, Contravisory Investment Management Inc. lifted its position in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FIX. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Finally, 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 target for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $481.00.

Comfort Systems USA Stock Down 3.5 %

Shares of FIX stock opened at $486.65 on Friday. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 37.23 and a beta of 1.13. The firm’s 50-day moving average is $424.04 and its 200-day moving average is $357.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

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

Comfort Systems USA Increases Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % 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 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.