Capital Research Global Investors Sells 23,053 Shares of Comfort Systems USA, Inc. $FIX

Capital Research Global Investors cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,607 shares of the construction company’s stock after selling 23,053 shares during the period. Capital Research Global Investors’ holdings in Comfort Systems USA were worth $125,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FIX. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,208 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after acquiring an additional 313 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Comfort Systems USA by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 1,559 shares of the construction company’s stock worth $836,000 after purchasing an additional 47 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Comfort Systems USA during the 2nd quarter valued at about $185,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,406.62 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The stock has a market capitalization of $49.47 billion, a price-to-earnings ratio of 48.67 and a beta of 1.63. The stock has a fifty day simple moving average of $1,225.90 and a two-hundred day simple moving average of $997.25. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. On average, analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 2nd. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,573.67.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 9,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the sale, the chief financial officer owned 37,824 shares in the company, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. The trade was a 19.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by company 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.