E. Ohman J or Asset Management AB Sells 2,371 Shares of Comfort Systems USA, Inc. $FIX

E. Ohman J or Asset Management AB trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,448 shares of the construction company’s stock after selling 2,371 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Comfort Systems USA were worth $30,617,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $33,000. Carolina Wealth Advisors LLC boosted its stake in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new position in Comfort Systems USA in the first quarter worth $46,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 1.0%

Shares of NYSE:FIX opened at $1,676.96 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The business has a 50 day moving average of $1,804.37 and a two-hundred day moving average of $1,621.62. The company has a market capitalization of $59.01 billion, a PE ratio of 41.24 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the business posted $6.53 EPS. The business’s revenue was up 50.3% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s payout ratio is currently 7.87%.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This represents a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIX. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,057.86.

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.