Comfort Systems USA, Inc. $FIX Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,735 shares of the construction company’s stock after selling 17,748 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.40% of Comfort Systems USA worth $45,685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Comfort Systems USA by 1,155.2% in the 1st quarter. Empowered Funds LLC now owns 34,004 shares of the construction company’s stock valued at $10,961,000 after buying an additional 31,295 shares during the period. United Services Automobile Association acquired a new position in Comfort Systems USA in the 1st quarter worth about $753,000. Fred Alger Management LLC raised its holdings in Comfort Systems USA by 33.9% in the 1st quarter. Fred Alger Management LLC now owns 21,729 shares of the construction company’s stock worth $7,004,000 after purchasing an additional 5,500 shares during the period. Kestra Investment Management LLC raised its holdings in Comfort Systems USA by 37.6% in the 1st quarter. Kestra Investment Management LLC now owns 4,790 shares of the construction company’s stock worth $1,544,000 after purchasing an additional 1,310 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after purchasing an additional 832,999 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIX. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $635.60.

Comfort Systems USA Price Performance

FIX stock opened at $754.21 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The business has a 50 day simple moving average of $659.03 and a 200-day simple moving average of $500.83. The firm has a market capitalization of $26.61 billion, a PE ratio of 38.76 and a beta of 1.54. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $772.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.74 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.28%.

Insiders Place Their Bets

In related news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares of the company’s stock, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock valued at $18,710,798. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Company 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.