Los Angeles Capital Management LLC Has $10.78 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Los Angeles Capital Management LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 33,916 shares of the construction company’s stock after selling 794 shares during the period. Los Angeles Capital Management LLC’s holdings in Comfort Systems USA were worth $10,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Byrne Asset Management LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $26,000. GAMMA Investing LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $61,000. Spire Wealth Management acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $61,000. VisionPoint Advisory Group LLC acquired a new stake in Comfort Systems USA during the third quarter worth approximately $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $76,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FIX shares. DA Davidson upped their target price on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Vance W. Tang sold 3,473 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the completion of the sale, the director now directly owns 8,198 shares in the company, valued at $2,541,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,961 shares of company stock worth $2,622,664. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Up 1.7 %

NYSE FIX opened at $327.19 on Thursday. The business has a fifty day moving average price of $319.22 and a two-hundred day moving average price of $273.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $352.45. The stock has a market capitalization of $11.69 billion, a PE ratio of 32.40 and a beta of 1.16.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $1.51 EPS. Comfort Systems USA’s revenue was up 30.8% compared to the same quarter last year. Equities analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

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.