Andra AP fonden Reduces Holdings in Comfort Systems USA, Inc. $FIX

Andra AP fonden reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,983 shares of the construction company’s stock after selling 3,030 shares during the quarter. Andra AP fonden’s holdings in Comfort Systems USA were worth $21,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC increased its position in shares of Comfort Systems USA by 14.5% during the second quarter. Anchor Investment Management LLC now owns 79 shares of the construction company’s stock worth $157,000 after purchasing an additional 10 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Comfort Systems USA by 13.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,302 shares of the construction company’s stock worth $6,545,000 after buying an additional 402 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in Comfort Systems USA during the 2nd quarter worth approximately $1,833,000. Archford Capital Strategies LLC acquired a new position in Comfort Systems USA during the second quarter worth approximately $918,000. Finally, Gemmer Asset Management LLC acquired a new position in Comfort Systems USA during the second quarter worth approximately $242,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $15.88 during trading hours on Tuesday, reaching $1,616.70. 117,151 shares of the stock were exchanged, compared to its average volume of 440,239. Comfort Systems USA, Inc. has a 52-week low of $757.00 and a 52-week high of $2,073.99. The stock has a market cap of $56.90 billion, a P/E ratio of 39.80 and a beta of 1.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The firm’s 50 day moving average is $1,669.44 and its 200 day moving average is $1,696.81.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.53 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Insiders Place Their Bets

In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,778 shares of company stock worth $56,306,777. Company insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a report on Monday, July 27th. KeyCorp upped their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. Finally, Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.