Asset Management One Co. Ltd. Sells 6,832 Shares of Comfort Systems USA, Inc. $FIX

Asset Management One Co. Ltd. lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 25.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,203 shares of the construction company’s stock after selling 6,832 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Comfort Systems USA were worth $10,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Comfort Systems USA by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,802,542 shares of the construction company’s stock worth $1,225,673,000 after acquiring an additional 21,847 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Comfort Systems USA by 0.5% in the first quarter. Westfield Capital Management Co. LP now owns 889,639 shares of the construction company’s stock worth $286,757,000 after acquiring an additional 4,512 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Comfort Systems USA by 2,872,410.3% in the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after acquiring an additional 832,999 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after acquiring an additional 273,453 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after buying an additional 138,541 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $981.15 on Monday. The company has a fifty day simple moving average of $776.79 and a 200 day simple moving average of $602.39. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,002.64. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $34.61 billion, a P/E ratio of 41.54 and a beta of 1.58.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s payout ratio is 10.28%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FIX shares. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $766.20.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the sale, the chief accounting officer owned 16,023 shares of the company’s stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the transaction, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,783 shares of company stock worth $18,710,798 in the last quarter. Insiders own 1.59% of the company’s stock.

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.