E. Ohman J or Asset Management AB Decreases Position in Comfort Systems USA, Inc. $FIX

Key Points

• E. Ohman Jor Asset Management AB reduced its Comfort Systems USA stake by 13.3% in the second quarter, selling 2,371 shares and retaining 15,448 shares valued at approximately $30.6 million. Institutional investors collectively own 96.51% of FIX.
• Comfort Systems USA reported a strong quarter, with EPS of $12.53 beating estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion. Analysts maintain a consensus “Buy” rating with an average price target of $2,057.86.
• The company increased its quarterly dividend from $0.80 to $0.90 per share, implying an annualized dividend of $3.60 and a 0.2% yield; insiders have also recently sold shares.

E. Ohman J or Asset Management AB trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,448 shares of the construction company's stock after selling 2,371 shares during the period. E. Ohman J or Asset Management AB's holdings in Comfort Systems USA were worth $30,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Vanguard Group Inc. raised its holdings in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock valued at $4,022,597,000 after buying an additional 625,567 shares during the period. State Street Corp boosted its stake in Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company's stock worth $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC increased its position in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock valued at $1,103,453,000 after acquiring an additional 332,441 shares during the last quarter. Invesco Ltd. increased its position in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company's stock valued at $878,454,000 after acquiring an additional 73,727 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 22.1% in the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company's stock valued at $951,883,000 after acquiring an additional 184,362 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FIX shares. Erste Group Bank lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research report on Monday, July 27th. Wall Street Zen lowered shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and a consensus price target of $2,057.86.

Comfort Systems USA Stock Performance

FIX stock opened at $1,676.96 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99. The business has a 50-day moving average price of $1,804.37 and a 200 day moving average price of $1,621.62. The company has a market capitalization of $59.01 billion, a P/E ratio of 41.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm's quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the business earned $6.53 EPS. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is a boost 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%. The ex-dividend date is Thursday, August 13th. Comfort Systems USA's payout ratio is 7.87%.

Insider Buying and Selling

In related news, Director Franklin Myers sold 6,700 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company's stock, valued at $121,401,904.05. The trade was a 9.74% 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 Rhoman J. Hardy sold 342 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director owned 1,890 shares of the company's stock, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.24% of the stock is currently owned by company 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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