Oppenheimer Asset Management Inc. Sells 781 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Oppenheimer Asset Management cut its stake in Comfort Systems by 21.1% in Q4, selling 781 shares and holding 2,920 shares valued at about $2.725 million.
• Strong quarterly results: Comfort Systems reported EPS of $10.51 versus $6.81 expected and revenue of $2.87 billion (up 56.5% YoY), and analysts maintain a consensus "Moderate Buy" with an average target of $1,923.20.
• Insider selling and dividend increase: Insiders sold 39,288 shares worth roughly $57.17 million in the past three months (insiders own 1.24%), while the company raised its quarterly dividend to $0.80 ($3.20 annualized, ~0.2% yield).

Oppenheimer Asset Management Inc. decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,920 shares of the construction company's stock after selling 781 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Comfort Systems USA were worth $2,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FIX. Vanguard Group Inc. increased its stake in shares of Comfort Systems USA by 17.0% in 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 purchasing an additional 625,567 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company's stock valued at $606,117,000 after purchasing an additional 197,613 shares during the last quarter. AMF Tjanstepension AB bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at $156,183,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Comfort Systems USA by 1,189.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company's stock valued at $79,525,000 after purchasing an additional 136,807 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Comfort Systems USA by 29.8% in the 3rd quarter. First Trust Advisors LP now owns 513,257 shares of the construction company's stock valued at $423,529,000 after purchasing an additional 117,892 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the sale, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pablo G. Mercado sold 500 shares of the company's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total value of $889,890.00. Following the completion of the sale, the director owned 3,000 shares in the company, valued at $5,339,340. This trade represents a 14.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,288 shares of company stock worth $57,165,933. 1.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIX shares. Glj Research started coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price target on the stock. Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. UBS Group boosted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, KeyCorp upgraded Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price objective on the stock in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,923.20.

Comfort Systems USA Trading Up 0.2%

Shares of FIX stock opened at $1,870.95 on Monday. The firm has a market capitalization of $65.86 billion, a P/E ratio of 53.98 and a beta of 1.70. Comfort Systems USA, Inc. has a twelve month low of $420.88 and a twelve month high of $1,877.35. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $1,497.63 and its 200 day simple moving average is $1,191.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts' consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 EPS. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 43.42 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be given a $0.80 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA's dividend payout ratio is presently 8.08%.

Comfort Systems USA Company 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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