Comfort Systems USA, Inc. $FIX Shares Sold by State of Wyoming

State of Wyoming cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564 shares of the construction company’s stock after selling 287 shares during the period. State of Wyoming’s holdings in Comfort Systems USA were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIX. Vanguard Group Inc. raised its stake in Comfort Systems USA by 17.0% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in Comfort Systems USA in the fourth quarter valued at $469,606,000. Geode Capital Management LLC raised its stake in Comfort Systems USA by 39.0% in 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 buying an additional 332,441 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Comfort Systems USA by 37,987.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after buying an additional 309,217 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on FIX. Erste Group Bank began coverage on Comfort Systems USA in a research report on Friday. They set a “buy” rating on the stock. UBS Group lifted their target price 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. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. Glj Research began 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 on the stock. Finally, Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $1,969.33.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 1,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,078 shares of company stock worth $46,651,175 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,841.59 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 52-week low of $469.16 and a 52-week high of $2,073.99. The business’s 50-day moving average price is $1,735.08 and its 200 day moving average price is $1,354.40. The firm has a market cap of $64.82 billion, a P/E ratio of 53.13 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the company posted $4.75 earnings per share. The business’s revenue was up 56.5% on a year-over-year basis. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

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.