Strategic Global Advisors LLC Trims Position in Comfort Systems USA, Inc. $FIX

Strategic Global Advisors LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 47.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,377 shares of the construction company’s stock after selling 3,000 shares during the quarter. Strategic Global Advisors LLC’s holdings in Comfort Systems USA were worth $3,152,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FIX. Vanguard Group Inc. raised its holdings in shares of Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares during the period. Norges Bank purchased a new stake in Comfort Systems USA in the 4th quarter valued at about $469,606,000. State Street Corp raised its holdings in Comfort Systems USA by 35.6% in the 4th 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 period. Geode Capital Management LLC raised its holdings in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Comfort Systems USA by 37,987.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after buying an additional 309,217 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIX. Erste Group Bank began coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating on the stock. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. UBS Group boosted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $1,991.50.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,877.52 on Monday. The company has a market cap of $66.09 billion, a P/E ratio of 54.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock has a 50-day moving average of $1,781.45 and a two-hundred day moving average of $1,389.51. Comfort Systems USA, Inc. has a 1-year low of $489.54 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $4.75 EPS. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the transaction, the director directly owned 68,983 shares of the company’s stock, valued at $131,244,986.31. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last 90 days. 1.24% of the stock is owned by insiders.

About Comfort Systems USA

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.