Asset Management One Co. Ltd. Reduces Holdings in Comfort Systems USA, Inc. $FIX

Asset Management One Co. Ltd. lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,611 shares of the construction company’s stock after selling 6,592 shares during the period. Asset Management One Co. Ltd.’s holdings in Comfort Systems USA were worth $11,208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $256,998,000. AQR Capital Management LLC increased its position in Comfort Systems USA by 47.5% during the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after purchasing an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Comfort Systems USA during the second quarter worth about $114,551,000. Third Point LLC acquired a new position in Comfort Systems USA in the 2nd quarter valued at about $99,199,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $87,718,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday. DA Davidson restated a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. UBS Group boosted their price target on shares of 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Herman E. Bulls sold 2,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director directly owned 30,574 shares in the company, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was 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 owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This trade represents a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $1,032.99 on Wednesday. The business has a 50-day simple moving average of $959.12 and a 200-day simple moving average of $793.89. 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, Inc. has a one year low of $276.44 and a one year high of $1,050.45. The company has a market cap of $36.43 billion, a PE ratio of 43.73 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (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 during the quarter. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.