Capital International Investors Sells 66,514 Shares of Comfort Systems USA, Inc. $FIX

Capital International Investors lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 32.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,428 shares of the construction company’s stock after selling 66,514 shares during the period. Capital International Investors owned 0.40% of Comfort Systems USA worth $115,878,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIX. Westfield Capital Management Co. LP boosted its holdings in shares of Comfort Systems USA by 5.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock worth $502,113,000 after buying an additional 46,773 shares during the period. Geode Capital Management LLC lifted its position in Comfort Systems USA by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after acquiring an additional 3,032 shares during the last quarter. AQR Capital Management LLC lifted its position in Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after acquiring an additional 252,007 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after acquiring an additional 197,613 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after purchasing an additional 117,892 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.7%

NYSE FIX opened at $1,406.62 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00. The stock has a market cap of $49.47 billion, a PE ratio of 48.67 and a beta of 1.63. The firm has a 50-day simple moving average of $1,225.90 and a 200 day simple moving average of $997.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.09 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be given a dividend of $0.70 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.69%.

Insiders Place Their Bets

In related news, Director Franklin Myers sold 8,636 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 9,000 shares of Comfort Systems USA stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the sale, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,288 shares of company stock valued at $53,677,038 in the last ninety days. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a research note on Monday, February 23rd. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $1,573.67.

About Comfort Systems USA

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.