Comfort Systems USA, Inc. $FIX Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,046 shares of the construction company’s stock after selling 325 shares during the period. Comfort Systems USA makes up about 0.9% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Lifestyle Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Comfort Systems USA in the 4th quarter valued at $224,000. Harvest Fund Management Co. Ltd increased its holdings in Comfort Systems USA by 63.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,526 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 594 shares in the last quarter. VMS Asset Management Limited acquired a new stake in Comfort Systems USA in the 4th quarter valued at $2,809,000. Prudential PLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $6,922,000. Finally, Vise Technologies Inc. increased its holdings in Comfort Systems USA by 139.5% in the 4th quarter. Vise Technologies Inc. now owns 752 shares of the construction company’s stock valued at $702,000 after purchasing an additional 438 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIX. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Finally, Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,920.55 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The firm has a 50-day moving average of $1,727.59 and a two-hundred day moving average of $1,350.97. The stock has a market cap of $67.60 billion, a P/E ratio of 55.41 and a beta of 1.65. Comfort Systems USA, Inc. has a 1-year low of $469.16 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 43.39 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 Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Buying and Selling

In other news, Director Franklin Myers sold 4,500 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the transaction, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Company 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.