Comfort Systems USA, Inc. $FIX Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 38.3% during the second quarter, Holdings Channel.com reports. The firm owned 201,945 shares of the construction company’s stock after acquiring an additional 55,938 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Comfort Systems USA were worth $400,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Jones Financial Companies Lllp purchased a new stake in Comfort Systems USA during the 2nd quarter worth about $26,000. Avalon Trust Co purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $32,000. Field & Main Bank purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $32,000. Carolina Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the last quarter. Finally, Kilter Group LLC acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $48,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 2,554 shares of the company’s stock in a transaction 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 $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction 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 sale, the director 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 0.0%

Shares of NYSE FIX opened at $1,518.08 on Monday. The stock has a market cap of $53.42 billion, a PE ratio of 37.34 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 52-week low of $670.19 and a 52-week high of $2,073.99. The business has a 50-day moving average price of $1,747.26 and a 200 day moving average price of $1,672.11.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.53 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FIX shares. DA Davidson assumed coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price for the company. Oppenheimer started coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of “Buy” and an average target price of $2,082.86.

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.