Comfort Systems USA, Inc. $FIX Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 23.6% during the 4th quarter, Holdings Channel reports. The firm owned 116,587 shares of the construction company’s stock after selling 36,020 shares during the period. Capital Research Global Investors’ holdings in Comfort Systems USA were worth $108,809,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FIX. Vanguard Group Inc. grew its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Norges Bank acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $469,606,000. Geode Capital Management LLC grew its position in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Comfort Systems USA by 37,987.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after purchasing an additional 309,217 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 0.4%

Shares of NYSE FIX opened at $1,851.28 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $469.16 and a 1 year high of $2,073.99. The firm’s 50 day moving average price is $1,744.97 and its 200 day moving average price is $1,364.02. The firm has a market cap of $65.17 billion, a P/E ratio of 53.41 and a beta of 1.66. 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 announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $4.75 earnings per share. Comfort Systems USA’s revenue was up 56.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIX. Stifel Nicolaus increased their price target 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. DA Davidson increased their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group increased their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,991.50.

Insider Activity

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of the 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 transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,078 shares of company stock valued at $46,651,175 in the last 90 days. Insiders own 1.24% of the company’s stock.

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.