SkyOak Wealth LLC Sells 319 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

SkyOak Wealth LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 27.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861 shares of the construction company’s stock after selling 319 shares during the period. SkyOak Wealth LLC’s holdings in Comfort Systems USA were worth $278,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Comfort Systems USA in the 4th quarter worth approximately $196,154,000. GAMMA Investing LLC raised its position in shares of Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock valued at $81,974,000 after purchasing an additional 253,677 shares during the period. JPMorgan Chase & Co. raised its position in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after purchasing an additional 250,085 shares during the period. Voya Investment Management LLC lifted its stake in shares of Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after buying an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its holdings in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company’s stock worth $87,239,000 after buying an additional 155,204 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research report on Friday. Finally, DA Davidson increased their target price on Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $572.60.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director directly owned 7,236 shares in the company, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $540.11 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The firm’s 50-day moving average is $492.24 and its 200-day moving average is $427.27. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 32.40 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is 10.80%.

Comfort Systems USA Company 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.