First National Bank of Omaha trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,642 shares of the construction company’s stock after selling 1,741 shares during the period. First National Bank of Omaha’s holdings in Comfort Systems USA were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of FIX. Maryland State Retirement & Pension System grew its holdings in Comfort Systems USA by 0.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 14,721 shares of the construction company’s stock worth $1,694,000 after acquiring an additional 91 shares during the period. Strs Ohio boosted its holdings in Comfort Systems USA by 0.9% during the fourth quarter. Strs Ohio now owns 11,700 shares of the construction company’s stock worth $1,346,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Comfort Systems USA by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 24,901 shares of the construction company’s stock valued at $2,865,000 after purchasing an additional 119 shares during the last quarter. Signaturefd LLC boosted its position in shares of Comfort Systems USA by 34.7% in the third quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock worth $46,000 after acquiring an additional 122 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Comfort Systems USA by 1.6% in the 3rd quarter. Lazard Asset Management LLC now owns 8,591 shares of the construction company’s stock valued at $835,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on FIX. DA Davidson boosted their target price on Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 24th. StockNews.com began coverage on Comfort Systems USA in a research report on Thursday, March 16th. They issued a “buy” rating for the company.
Insider Activity
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the transaction, the director now directly owns 24,722 shares of the company’s stock, valued at $3,535,987.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Vance W. Tang sold 2,500 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the transaction, the director now owns 26,297 shares in the company, valued at $3,865,659. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $143.03, for a total value of $429,090.00. Following the completion of the transaction, the director now owns 24,722 shares in the company, valued at $3,535,987.66. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by corporate insiders.
Comfort Systems USA Stock Up 0.3 %
Shares of NYSE FIX opened at $148.35 on Wednesday. The firm has a market cap of $5.31 billion, a PE ratio of 24.68 and a beta of 1.21. Comfort Systems USA, Inc. has a 12-month low of $74.14 and a 12-month high of $154.15. The company’s fifty day simple moving average is $140.39 and its 200 day simple moving average is $127.95. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.19.
Comfort Systems USA (NYSE:FIX – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. Comfort Systems USA’s revenue was up 32.7% on a year-over-year basis. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 6.79 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 29th. Investors of record on Thursday, May 18th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s dividend payout ratio (DPR) is currently 13.31%.
Comfort Systems USA Profile
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.
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