Comfort Systems USA, Inc. $FIX Stake Trimmed by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,538 shares of the construction company’s stock after selling 26,090 shares during the period. Comfort Systems USA comprises 0.9% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 23rd largest holding. E. Ohman J or Asset Management AB’s holdings in Comfort Systems USA were worth $40,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIX. Jones Financial Companies Lllp raised its holdings in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares during the period. Norges Bank purchased a new position in Comfort Systems USA during the 2nd quarter worth approximately $256,998,000. AQR Capital Management LLC raised its stake in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock valued at $165,228,000 after purchasing an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Comfort Systems USA by 299.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after purchasing an additional 239,692 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $114,551,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the sale, the insider directly owned 180,888 shares in the company, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Darcy Anderson sold 4,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the transaction, the director owned 22,535 shares in the company, valued at approximately $21,604,755.20. This trade represents a 15.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,028 shares of company stock worth $25,381,151 in the last 90 days. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock opened at $963.68 on Friday. The firm has a 50 day moving average of $946.98 and a two-hundred day moving average of $768.42. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,036.67. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 40.80 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million for the quarter. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were given a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s payout ratio is presently 10.16%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIX. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. UBS Group lifted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.