Aviva PLC Trims Holdings in Comfort Systems USA, Inc. $FIX

Aviva PLC trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 45.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 966 shares of the construction company’s stock after selling 795 shares during the quarter. Aviva PLC’s holdings in Comfort Systems USA were worth $518,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIX. Jones Financial Companies Lllp lifted its holdings in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after buying an additional 832,999 shares in the last quarter. AQR Capital Management LLC increased its holdings in Comfort Systems USA by 106.4% during the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after acquiring an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock worth $103,085,000 after purchasing an additional 239,692 shares in the last quarter. Nuveen LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $74,634,000. Finally, Millennium Management LLC boosted its holdings in Comfort Systems USA by 91.0% in the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock valued at $102,453,000 after purchasing an additional 151,447 shares during the period. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FIX shares. Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. UBS Group upped their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, DA Davidson set a $810.00 target price on shares of Comfort Systems USA in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $819.20.

Comfort Systems USA Trading Down 7.8%

Shares of FIX opened at $897.09 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The firm has a market cap of $31.64 billion, a price-to-earnings ratio of 37.98 and a beta of 1.55. The firm has a 50 day moving average price of $851.07 and a 200-day moving average price of $660.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million for the quarter. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is 10.16%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director owned 22,535 shares in the company, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the transaction, the director owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,078 shares of company stock worth $15,242,037. 1.59% of the stock is currently owned by corporate insiders.

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.