E. Ohman J or Asset Management AB Cuts Position in Comfort Systems USA, Inc. $FIX

E. Ohman J or Asset Management AB lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 63.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,819 shares of the construction company’s stock after selling 30,740 shares during the period. E. Ohman J or Asset Management AB’s holdings in Comfort Systems USA were worth $24,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Comfort Systems USA by 185.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 29,944 shares of the construction company’s stock worth $41,292,000 after buying an additional 19,440 shares during the last quarter. Westmount Partners LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth about $276,000. Creek Drive Management Group LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $1,540,000. Hsbc Holdings PLC increased its holdings in shares of Comfort Systems USA by 754.5% in the 4th quarter. Hsbc Holdings PLC now owns 59,321 shares of the construction company’s stock valued at $55,483,000 after acquiring an additional 52,379 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of Comfort Systems USA by 31.4% during the 4th quarter. World Investment Advisors now owns 1,689 shares of the construction company’s stock worth $1,576,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIX. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target on the stock. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. UBS Group raised their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,971.17 on Friday. The stock’s 50-day moving average is $1,831.99 and its two-hundred day moving average is $1,420.84. The firm has a market cap of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65. Comfort Systems USA, Inc. has a 1 year low of $489.98 and a 1 year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm earned $4.75 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,078 shares of company stock valued at $46,651,175 over the last 90 days. 1.24% of the stock is owned by insiders.

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.