Charles Schwab Investment Management Inc. Sells 98,092 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Charles Schwab Investment Management Inc. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.5% during the third quarter, HoldingsChannel reports. The fund owned 301,998 shares of the construction company’s stock after selling 98,092 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Comfort Systems USA were worth $117,885,000 as of its most recent filing with the Securities and Exchange Commission.

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

Comfort Systems USA Price Performance

Shares of FIX stock opened at $495.13 on Tuesday. The stock’s fifty day simple moving average is $416.37 and its 200 day simple moving average is $354.66. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $500.38. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 37.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now directly owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,200 shares of company stock valued at $15,431,250. Corporate insiders own 1.80% of the company’s stock.

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.