Voya Investment Management LLC Trims Stake in Comfort Systems USA, Inc. $FIX

Key Points

• Voya Investment Management LLC has reduced its stake in Comfort Systems USA, Inc. by 2.0%, now owning approximately $73.66 million of the company's stock.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50, representing an annualized dividend of $2.00 and a yield of 0.3%.
• Despite some insider selling, analysts are optimistic, with Zacks upgrading the stock from a "hold" to a "strong buy" rating and an average price target of $635.60.

Voya Investment Management LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,971 shares of the construction company's stock after selling 4,582 shares during the period. Voya Investment Management LLC owned about 0.65% of Comfort Systems USA worth $73,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Comfort Systems USA by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company's stock valued at $1,225,673,000 after buying an additional 21,847 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Comfort Systems USA by 0.5% during the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company's stock valued at $286,757,000 after buying an additional 4,512 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after buying an additional 832,999 shares during the period. AQR Capital Management LLC increased its stake in shares of Comfort Systems USA by 106.4% during the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock valued at $165,228,000 after buying an additional 273,453 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 36.4% during the first quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company's stock valued at $167,430,000 after buying an additional 138,541 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Up 5.4%

NYSE FIX traded up $41.15 during trading on Thursday, hitting $804.06. The company's stock had a trading volume of 226,551 shares, compared to its average volume of 462,268. 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, 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 $28.37 billion, a PE ratio of 41.35 and a beta of 1.54. The business's 50 day simple moving average is $673.39 and its 200-day simple moving average is $507.45.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is presently 10.28%.

Analysts Set New Price Targets

FIX has been the topic of several research reports. UBS Group raised their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday. Stifel Nicolaus raised their price target 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. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, DA Davidson raised their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. One equities research 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, the company currently has a consensus rating of "Buy" and an average target price of $668.60.

Insider Activity

In related news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the sale, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This trade represents a 14.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by insiders.

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.