EULAV Asset Management Has $99.52 Million Holdings in Comfort Systems USA, Inc. $FIX

EULAV Asset Management lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,608 shares of the construction company’s stock after selling 12,002 shares during the period. Comfort Systems USA comprises approximately 2.3% of EULAV Asset Management’s holdings, making the stock its 8th biggest position. EULAV Asset Management owned approximately 0.34% of Comfort Systems USA worth $99,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Norges Bank bought a new position in Comfort Systems USA in the second quarter worth approximately $256,998,000. AQR Capital Management LLC increased its stake in shares of Comfort Systems USA by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Comfort Systems USA in the 2nd quarter worth $114,551,000. Third Point LLC bought a new position in Comfort Systems USA in the 2nd quarter worth $99,199,000. Finally, Symphony Financial Ltd. Co. purchased a new position in Comfort Systems USA during the second quarter valued at $87,718,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at $4,021,640. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the sale, the chief financial officer directly owned 39,824 shares in the company, valued at $38,186,437.12. This trade represents a 9.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,028 shares of company stock worth $25,381,151. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 3.7%

NYSE FIX opened at $1,091.68 on Friday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,114.61. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market cap of $38.50 billion, a PE ratio of 46.22 and a beta of 1.66. The stock’s 50 day moving average is $968.21 and its 200 day moving average is $815.46.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted $4.09 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. Research analysts predict 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Analysts Set New Price Targets

A number of brokerages have commented on FIX. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. DA Davidson restated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,011.75.

About Comfort Systems USA

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.