Legal & General Group Plc Sells 1,406 Shares of Comfort Systems USA, Inc. $FIX

Legal & General Group Plc decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,278 shares of the construction company’s stock after selling 1,406 shares during the quarter. Legal & General Group Plc owned approximately 0.18% of Comfort Systems USA worth $34,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIX. Ameritas Advisory Services LLC bought a new stake in Comfort Systems USA during the 2nd quarter worth approximately $27,000. Lifestyle Asset Management Inc. raised its stake in shares of Comfort Systems USA by 314.1% during the second quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock valued at $2,078,000 after acquiring an additional 2,940 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Comfort Systems USA by 19.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock worth $2,690,000 after purchasing an additional 809 shares during the period. OMNI 360 Wealth Inc. acquired a new position in shares of Comfort Systems USA during the second quarter worth $298,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Comfort Systems USA by 40.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the construction company’s stock worth $3,449,000 after purchasing an additional 1,850 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 5,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the transaction, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,158 shares of company stock worth $21,277,519 over the last ninety days. 1.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIX. DA Davidson set a $810.00 target price on Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Stifel Nicolaus set a $1,069.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $892.75.

Comfort Systems USA Stock Up 1.3%

Shares of NYSE:FIX opened at $969.74 on Thursday. The company has a market capitalization of $34.20 billion, a price-to-earnings ratio of 41.06 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The business’s 50-day moving average is $882.83 and its 200-day moving average is $693.54. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were paid a $0.60 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Comfort Systems USA Profile

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.