Aubrey Capital Management Ltd Trims Position in Comfort Systems USA, Inc. $FIX

Key Points

• Aubrey Capital Management cut its Comfort Systems USA stake by 30% in the second quarter, selling 1,200 shares and retaining 2,800 shares valued at approximately $5.55 million. Institutional investors collectively own 96.51% of the company.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $2,082.86. Comfort Systems USA also exceeded quarterly expectations, reporting $12.53 in EPS and $3.27 billion in revenue, with revenue rising 50.3% year over year.
• The company raised its quarterly dividend to $0.90 per share, representing an annualized dividend of $3.60 and a 0.2% yield. Meanwhile, insiders sold 32,778 shares worth approximately $56.3 million over the past 90 days.

Aubrey Capital Management Ltd reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,800 shares of the construction company's stock after selling 1,200 shares during the quarter. Comfort Systems USA makes up about 3.4% of Aubrey Capital Management Ltd's portfolio, making the stock its 8th largest holding. Aubrey Capital Management Ltd's holdings in Comfort Systems USA were worth $5,548,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the second quarter worth $26,000. Avalon Trust Co acquired a new stake in Comfort Systems USA during the second quarter worth approximately $32,000. Field & Main Bank bought a new stake in Comfort Systems USA in the second quarter worth approximately $32,000. Carolina Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after buying an additional 7 shares during the period. Finally, JNBA Financial Advisors acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $42,000. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIX shares. DA Davidson began coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They set a "buy" rating and a $2,100.00 price objective on the stock. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and an average price target of $2,082.86.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,548.52 on Tuesday. 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 stock has a 50 day moving average price of $1,736.85 and a two-hundred day moving average price of $1,674.09. The firm has a market capitalization of $54.49 billion, a P/E ratio of 38.08 and a beta of 1.69. Comfort Systems USA, Inc. has a 52 week low of $670.19 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the company earned $6.53 earnings per share. Equities analysts forecast that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 2,554 shares of the stock in a transaction dated 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is owned by insiders.

Comfort Systems USA Profile

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.

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