UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Decreases Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• UBS Asset Management reduced its stake in Comfort Systems USA by 11.1%, now owning 141,735 shares valued at approximately $45.7 million.
• Comfort Systems USA reported earnings per share (EPS) of $6.53 for the last quarter, exceeding estimates by $1.69, alongside a revenue of $2.17 billion.
• The company has announced a quarterly dividend increase from $0.45 to $0.50, implementing a 0.3% dividend yield with a payout ratio of 10.28%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,735 shares of the construction company's stock after selling 17,748 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.40% of Comfort Systems USA worth $45,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 13.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after acquiring an additional 296 shares during the period. Farther Finance Advisors LLC raised its position in shares of Comfort Systems USA by 27.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Comfort Systems USA by 97.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after buying an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Comfort Systems USA by 256.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of Comfort Systems USA by 9.8% during the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $2.82 during trading hours on Friday, reaching $796.56. 685,925 shares of the company were exchanged, compared to its average volume of 384,381. The stock's fifty day moving average is $683.84 and its two-hundred day moving average is $513.73. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $806.58. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 40.93 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business posted $3.74 earnings per share. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts forecast 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 was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. DA Davidson raised their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday. William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $668.60.

Insider Buying and Selling

In other news, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the transaction, the chief operating officer owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by company insiders.

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.