Sawgrass Asset Management LLC Sells 55 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Sawgrass Asset Management LLC trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,386 shares of the construction company’s stock after selling 55 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Comfort Systems USA were worth $541,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors grew its holdings in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after buying an additional 451,852 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Comfort Systems USA by 2.1% in the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after acquiring an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA in the third quarter valued at approximately $138,987,000. Millennium Management LLC grew its stake in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in Comfort Systems USA by 5.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after acquiring an additional 8,363 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $445.02 on Friday. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $474.62. 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 firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13. The company’s fifty day moving average price is $398.73 and its 200-day moving average price is $347.84.

Comfort Systems USA (NYSE:FIX) last released 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 return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.35 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. Comfort Systems USA’s payout ratio is presently 10.71%.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the sale, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The trade was a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,591 shares of company stock valued at $16,625,615 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $524.00 price target for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

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.