Comfort Systems USA, Inc. $FIX Stock Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 92.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 460 shares of the construction company’s stock after selling 5,990 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Comfort Systems USA were worth $761,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Signature Equity Partners LLC raised its stake in shares of Comfort Systems USA by 16.7% in the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in Comfort Systems USA by 1.9% during the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock worth $636,000 after buying an additional 6 shares in the last quarter. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 3.4% during the third quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock worth $303,000 after buying an additional 6 shares in the last quarter. LifeGoal Investments LLC increased its holdings in Comfort Systems USA by 1.9% in the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company’s stock valued at $519,000 after buying an additional 6 shares during the period. Finally, Petra Financial Advisors Inc. increased its holdings in Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a report on Tuesday, October 20th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. KeyCorp lowered their target price on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a research report on Monday, October 26th. Finally, Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Trading Down 0.4%

Shares of Comfort Systems USA stock opened at $1,227.74 on Monday. The stock has a market capitalization of $42.96 billion, a P/E ratio of 26.51 and a beta of 1.64. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $1,561.25 and a 200 day simple moving average of $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 analysts’ consensus estimates of $12.85 by $1.06. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The company’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the business earned $8.25 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 7.77%.

Insider Buying and Selling

In related news, insider Brian Lane sold 16,024 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,078 shares of company stock worth $43,211,828 in the last three months. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

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.