Oppenheimer Asset Management Inc. Has $2.17 Million Holdings in Comfort Systems USA, Inc. $FIX

Oppenheimer Asset Management Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,049 shares of the construction company’s stock after acquiring an additional 61 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,171,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the second quarter worth approximately $27,000. Stone House Investment Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after purchasing an additional 37 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after purchasing an additional 83 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. DA Davidson set a $810.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Finally, Northcoast Research downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $819.20.

Comfort Systems USA Trading Up 2.9%

Shares of Comfort Systems USA stock opened at $1,009.15 on Thursday. The stock has a fifty day simple moving average of $794.97 and a 200 day simple moving average of $615.85. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,019.73. The company has a market capitalization of $35.59 billion, a P/E ratio of 42.72 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced 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 return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million during the quarter. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be paid a $0.60 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.47%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the transaction, the director owned 11,666 shares of the company’s stock, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,383 shares of company stock worth $15,557,626. Company insiders own 1.59% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.