Oppenheimer Asset Management Inc. Has $1.29 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Oppenheimer Asset Management Inc. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,988 shares of the construction company’s stock after selling 302 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,285,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Comfort Systems USA by 27.7% in the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company’s stock worth $364,000 after purchasing an additional 239 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Comfort Systems USA by 256.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company’s stock valued at $658,000 after buying an additional 1,467 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. Smartleaf Asset Management LLC increased its stake in shares of Comfort Systems USA by 67.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company’s stock worth $65,000 after buying an additional 61 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Comfort Systems USA by 41.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,770 shares of the construction company’s stock worth $2,447,000 after buying an additional 1,704 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Finally, Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $525.80.

Insiders Place Their Bets

In other news, Director Vance W. Tang sold 500 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now directly owns 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider now directly owns 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Up 3.7%

Shares of Comfort Systems USA stock opened at $535.04 on Friday. The company has a 50-day simple moving average of $462.08 and a two-hundred day simple moving average of $421.42. The stock has a market capitalization of $18.88 billion, a PE ratio of 32.10 and a beta of 1.51. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.34%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.