Comfort Systems USA, Inc. $FIX Stock Position Decreased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 35.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,538 shares of the construction company’s stock after selling 26,090 shares during the period. Comfort Systems USA comprises about 0.9% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 23rd biggest holding. E. Ohman J or Asset Management AB owned about 0.14% of Comfort Systems USA worth $40,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in FIX. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA in the second quarter valued at $27,000. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Comfort Systems USA by 310.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after acquiring an additional 87 shares during the period. Finally, Maseco LLP bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $64,000. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 4,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This trade represents a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,028 shares of company stock worth $25,381,151. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FIX shares. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. UBS Group lifted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Finally, DA Davidson restated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Up 0.6%

Shares of FIX stock opened at $963.68 on Friday. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,036.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The business’s fifty day moving average is $946.98 and its 200-day moving average is $768.42. The stock has a market cap of $33.99 billion, a PE ratio of 40.80 and a beta of 1.64.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Comfort Systems USA Profile

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.