R Squared Ltd Trims Stake in Comfort Systems USA, Inc. $FIX

R Squared Ltd lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 54.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365 shares of the construction company’s stock after selling 430 shares during the quarter. R Squared Ltd’s holdings in Comfort Systems USA were worth $503,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FIX. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 17.0% during 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 buying an additional 625,567 shares during the period. State Street Corp grew its stake in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $1,103,453,000 after buying an additional 332,441 shares during the period. Invesco Ltd. raised its holdings in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after buying an additional 73,727 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 22.1% during the 4th quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock worth $951,883,000 after acquiring an additional 184,362 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 30,778 shares of company stock valued at $59,746,124. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. Erste Group Bank started coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $1,991.50.

Comfort Systems USA Trading Down 7.9%

Shares of NYSE FIX traded down $141.58 during trading hours on Tuesday, reaching $1,651.45. The stock had a trading volume of 243,313 shares, compared to its average volume of 443,729. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a market cap of $58.13 billion, a price-to-earnings ratio of 47.54 and a beta of 1.66. The business’s fifty day moving average price is $1,884.97 and its two-hundred day moving average price is $1,494.99. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

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.