International Assets Investment Management LLC Buys 45,326 Shares of Comfort Systems USA, Inc. $FIX

International Assets Investment Management LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 25,900.6% during the third quarter, Holdings Channel reports. The firm owned 45,501 shares of the construction company’s stock after purchasing an additional 45,326 shares during the period. International Assets Investment Management LLC’s holdings in Comfort Systems USA were worth $75,263,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $6,734,037,000. Amundi grew its position in shares of Comfort Systems USA by 114.1% in the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after buying an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC grew its position in shares of Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after buying an additional 29,970 shares during the last quarter. Deutsche Bank AG acquired a new stake in Comfort Systems USA during the 2nd quarter worth $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Comfort Systems USA by 38.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company’s stock worth $400,245,000 after acquiring an additional 55,938 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,227.74 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $42.96 billion, a PE ratio of 26.51 and a beta of 1.66. The company’s 50 day simple moving average is $1,561.25 and its 200-day simple moving average is $1,597.15. Comfort Systems USA, Inc. has a 12-month low of $841.66 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating the consensus estimate of $12.85 by $1.06. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. Comfort Systems USA’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.25 EPS. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 50.32 EPS for the current year.

Comfort Systems USA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s payout ratio is 7.77%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,078 shares of company stock worth $43,211,828 in the last quarter. Company insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIX. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. UBS Group cut their target price on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Oppenheimer reduced their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $1,916.14.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.