Comfort Systems USA, Inc. $FIX Position Reduced by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,000 shares of the construction company’s stock after selling 20,000 shares during the period. Summit Partners Public Asset Management LLC’s holdings in Comfort Systems USA were worth $18,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. raised its holdings in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the period. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $28,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on FIX shares. UBS Group increased their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. KeyCorp raised shares of 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 report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Stock Down 1.8%

Comfort Systems USA stock opened at $1,917.26 on Wednesday. The stock has a market cap of $67.49 billion, a price-to-earnings ratio of 55.32 and a beta of 1.65. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $1,802.15 and its two-hundred day moving average price is $1,403.19. Comfort Systems USA, Inc. has a 52 week low of $489.98 and a 52 week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

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

Insider Activity

In other news, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director owned 7,666 shares of the company’s stock, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director directly owned 68,983 shares in the company, valued at $131,244,986.31. This represents a 6.12% decrease in their position. 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 90 days. 1.24% of the stock is currently owned by corporate 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.