Comfort Systems USA, Inc. $FIX Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,800 shares of the construction company’s stock after selling 45,748 shares during the period. Royal London Asset Management Ltd.’s holdings in Comfort Systems USA were worth $181,805,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares in the last quarter. Invesco Ltd. raised its stake in shares of Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after buying an additional 73,727 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 6.8% during the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after buying an additional 197,613 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comfort Systems USA

In related news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 24,078 shares of company stock worth $46,651,175. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FIX shares. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Erste Group Bank began coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They set a “buy” rating for the company. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,991.50.

Comfort Systems USA Price Performance

FIX stock opened at $1,877.52 on Friday. The stock has a market capitalization of $66.09 billion, a price-to-earnings ratio of 54.17 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 52-week low of $489.54 and a 52-week high of $2,073.99. The stock’s fifty day simple moving average is $1,781.45 and its 200-day simple moving average is $1,386.40.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm posted $4.75 earnings per share. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Comfort Systems USA Company 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.