Comfort Systems USA, Inc. $FIX Stock Holdings Trimmed by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB has reduced its stake in Comfort Systems USA by 4.4%, now holding 74,628 shares valued at approximately $40 million.
• Comfort Systems USA recently announced an increase in its quarterly dividend from $0.45 to $0.50, resulting in an annualized dividend of $2.00.
• The company's stock is currently rated as a "Buy" by several analysts, with price targets ranging from $581 to $810.

E. Ohman J or Asset Management AB lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,628 shares of the construction company's stock after selling 3,412 shares during the period. Comfort Systems USA makes up 1.0% of E. Ohman J or Asset Management AB's holdings, making the stock its 22nd largest position. E. Ohman J or Asset Management AB owned approximately 0.21% of Comfort Systems USA worth $40,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Cetera Investment Advisers raised its stake in Comfort Systems USA by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 5,647 shares of the construction company's stock valued at $2,395,000 after acquiring an additional 101 shares in the last quarter. Focus Partners Wealth raised its stake in Comfort Systems USA by 85.7% during the 4th quarter. Focus Partners Wealth now owns 1,092 shares of the construction company's stock valued at $463,000 after acquiring an additional 504 shares in the last quarter. ProShare Advisors LLC raised its stake in Comfort Systems USA by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 1,659 shares of the construction company's stock valued at $704,000 after acquiring an additional 108 shares in the last quarter. Royal Bank of Canada raised its stake in Comfort Systems USA by 71.2% during the 4th quarter. Royal Bank of Canada now owns 47,507 shares of the construction company's stock valued at $20,146,000 after acquiring an additional 19,753 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at $420,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 1.4%

FIX opened at $754.21 on Monday. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $772.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock's fifty day moving average is $659.03 and its 200-day moving average is $500.83. The company has a market capitalization of $26.61 billion, a PE ratio of 38.76 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 EPS. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is presently 10.28%.

Analysts Set New Price Targets

Several analysts have weighed in on FIX shares. William Blair started coverage on Comfort Systems USA in a research note on Thursday. They set an "outperform" rating on the stock. Stifel Nicolaus lifted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group boosted their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $635.60.

Insiders Place Their Bets

In related news, CFO William George III sold 8,436 shares of Comfort Systems USA 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 transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. The trade was a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA 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. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,783 shares of company stock worth $18,710,798. Corporate 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.

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