Asset Management One Co. Ltd. Sells 6,832 Shares of Comfort Systems USA, Inc. $FIX

Asset Management One Co. Ltd. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 25.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,203 shares of the construction company’s stock after selling 6,832 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Comfort Systems USA worth $10,831,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA during the second quarter worth $27,000. Stone House Investment Management LLC bought a new stake in Comfort Systems USA during the first quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its position in 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 acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in 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 acquiring an additional 83 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FIX. DA Davidson set a $810.00 price target on shares of Comfort Systems USA in a research report on Friday. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. UBS Group upped their price target on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $766.20.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $981.15 on Monday. The stock has a market cap of $34.61 billion, a P/E ratio of 41.54 and a beta of 1.58. The stock has a 50 day simple moving average of $776.79 and a 200 day simple moving average of $602.39. 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, Inc. has a 1-year low of $276.44 and a 1-year high of $1,002.64.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million for the quarter. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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 dividend of $0.60 per share. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. 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 10.28%.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the sale, the director owned 6,500 shares in the company, valued at $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,783 shares of company stock valued at $18,710,798. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Company Profile

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.