Aubrey Capital Management Ltd Has $5.58 Million Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Aubrey Capital Management Ltd reduced its holdings in Comfort Systems USA by 2.8%, owning 10,400 shares worth approximately $5.58 million, making it the firm's 14th largest investment.
• Several institutional investors have recently changed their stakes in Comfort Systems USA, including WCM Investment Management, which increased its position by 6.5% to own 49,592 shares valued at $26.53 million.
• Analysts have varied ratings for Comfort Systems USA, with six giving a "Buy" rating and the average price target currently set at $735.80.

Aubrey Capital Management Ltd cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,400 shares of the construction company's stock after selling 300 shares during the quarter. Comfort Systems USA accounts for 2.0% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 14th largest holding. Aubrey Capital Management Ltd's holdings in Comfort Systems USA were worth $5,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Applied Finance Capital Management LLC acquired a new position in Comfort Systems USA in the second quarter valued at approximately $464,000. Bellecapital International Ltd. acquired a new position in Comfort Systems USA in the second quarter valued at approximately $208,000. WCM Investment Management LLC lifted its stake in Comfort Systems USA by 6.5% in the second quarter. WCM Investment Management LLC now owns 49,592 shares of the construction company's stock valued at $26,532,000 after buying an additional 3,009 shares during the period. Allianz Asset Management GmbH raised its position in shares of Comfort Systems USA by 2.4% during the second quarter. Allianz Asset Management GmbH now owns 93,895 shares of the construction company's stock worth $50,347,000 after purchasing an additional 2,230 shares during the period. Finally, Bridges Investment Management Inc. raised its position in shares of Comfort Systems USA by 14.8% during the second quarter. Bridges Investment Management Inc. now owns 8,227 shares of the construction company's stock worth $4,411,000 after purchasing an additional 1,058 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIX. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. UBS Group upped their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $735.80.

Comfort Systems USA Trading Up 0.0%

Shares of Comfort Systems USA stock opened at $837.51 on Friday. The stock has a fifty day simple moving average of $758.54 and a 200 day simple moving average of $576.71. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $861.77. The company has a market capitalization of $29.55 billion, a P/E ratio of 43.04 and a beta of 1.58. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) 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 39.33% and a net margin of 9.01%.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 business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is currently 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. This represents a 7.87% 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 disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 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.

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