Capital Research Global Investors Sells 23,053 Shares of Comfort Systems USA, Inc. $FIX

Capital Research Global Investors cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,607 shares of the construction company’s stock after selling 23,053 shares during the quarter. Capital Research Global Investors owned about 0.43% of Comfort Systems USA worth $125,928,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FIX. Private Client Services LLC boosted its position in shares of Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after buying an additional 2,354 shares during the last quarter. Brown Advisory Inc. raised its position in Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after buying an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in Comfort Systems USA during the 3rd quarter valued at about $2,392,000. Finally, Jones Financial Companies Lllp lifted its stake in Comfort Systems USA by 105.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,738 shares of the construction company’s stock valued at $1,399,000 after acquiring an additional 893 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,406.62 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $49.47 billion, a PE ratio of 48.67 and a beta of 1.63. The company’s fifty day moving average price is $1,225.90 and its 200-day moving average price is $997.25. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business’s revenue was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.09 EPS. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research note on Monday, February 23rd. DA Davidson raised their target price on shares of 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,573.67.

Insiders Place Their Bets

In other news, SVP Terrence Reed sold 1,116 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the completion of the transaction, the senior vice president directly owned 2,834 shares in the company, valued at approximately $3,960,033.22. This represents a 28.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,288 shares of company stock worth $53,677,038. Insiders own 1.59% of the company’s stock.

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.