JPMorgan Chase & Co. Sells 27,527 Shares of Comfort Systems USA, Inc. $FIX

JPMorgan Chase & Co. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 706,992 shares of the construction company’s stock after selling 27,527 shares during the period. JPMorgan Chase & Co.’s holdings in Comfort Systems USA were worth $659,830,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ethic Inc. boosted its stake in shares of Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares in the last quarter. Prudential PLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth about $6,922,000. BNP Paribas Financial Markets boosted its stake in shares of Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Comfort Systems USA by 658.1% during the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after acquiring an additional 4,679 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its stake in shares of Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after acquiring an additional 7,192 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,828.35 on Wednesday. The business has a 50 day moving average price of $1,754.19 and a 200 day moving average price of $1,370.35. Comfort Systems USA, Inc. has a twelve month low of $469.16 and a twelve month high of $2,073.99. The company has a market cap of $64.36 billion, a price-to-earnings ratio of 52.75 and a beta of 1.65. 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 (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $4.75 EPS. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Oppenheimer assumed coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. UBS Group increased their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday. DA Davidson increased their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Glj Research began coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,991.50.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the transaction, the chief financial officer owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the transaction, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. This trade represents a 6.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is currently owned by company insiders.

About Comfort Systems USA

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.