Osaic Holdings Inc. Sells 722 Shares of Comfort Systems USA, Inc. $FIX

Osaic Holdings Inc. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the construction company’s stock after selling 722 shares during the period. Osaic Holdings Inc.’s holdings in Comfort Systems USA were worth $4,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $27,000. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after purchasing an additional 31 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Comfort Systems USA by 310.7% in the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after purchasing an additional 87 shares during the period. Maseco LLP bought a new position in shares of Comfort Systems USA in the second quarter valued at approximately $64,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Comfort Systems USA in the second quarter worth $69,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. The trade was a 15.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Laura Finley Howell sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the transaction, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. UBS Group raised their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Down 1.0%

FIX stock opened at $956.08 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,036.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company has a market cap of $33.72 billion, a PE ratio of 40.48 and a beta of 1.64. The business’s 50-day simple moving average is $941.87 and its 200 day simple moving average is $761.92.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $713.90 million during the quarter. On average, 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 company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

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.