Comfort Systems USA, Inc. $FIX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,221 shares of the construction company’s stock after selling 1,813 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Comfort Systems USA were worth $137,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FIX. BlackRock Inc. purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth about $6,734,037,000. Deutsche Bank AG bought a new position in Comfort Systems USA during the 2nd quarter valued at about $443,751,000. Legal & General Group Plc bought a new position in Comfort Systems USA during the 2nd quarter valued at about $400,096,000. Bank of New York Mellon Corp purchased a new stake in Comfort Systems USA in the 2nd quarter worth about $370,479,000. Finally, Amundi raised its position in Comfort Systems USA by 114.1% in the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after purchasing an additional 156,069 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FIX. DA Davidson set a $1,850.00 target price on Comfort Systems USA in a research note on Monday, October 26th. KeyCorp reduced their price target on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. UBS Group decreased their price target on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a research note on Monday, October 26th. The Goldman Sachs Group set a $1,875.00 price objective on Comfort Systems USA in a report on Tuesday, October 20th. Finally, Oppenheimer dropped their price objective on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,916.14.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,024 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,196.82 on Tuesday. The company has a 50 day moving average price of $1,552.02 and a 200-day moving average price of $1,597.77. Comfort Systems USA, Inc. has a fifty-two week low of $841.66 and a fifty-two week high of $2,073.99. The stock has a market capitalization of $41.88 billion, a PE ratio of 25.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the company earned $8.25 earnings per share. The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.77%.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.