Caxton Associates LLP Reduces Stock Position in Comfort Systems USA, Inc. $FIX

Caxton Associates LLP reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 82.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151 shares of the construction company’s stock after selling 714 shares during the period. Caxton Associates LLP’s holdings in Comfort Systems USA were worth $208,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Comfort Systems USA by 17.0% during the 4th 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. State Street Corp boosted its stake in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the period. Geode Capital Management LLC grew its holdings in Comfort Systems USA by 39.0% during the 4th 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. grew its holdings in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Comfort Systems USA by 22.1% during the fourth quarter. AQR Capital Management LLC now owns 1,019,922 shares of the construction company’s stock valued at $951,883,000 after buying an additional 184,362 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the sale, the chief financial officer directly owned 33,804 shares in the company, valued at $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,778 shares of company stock valued at $56,257,229 in the last 90 days. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $1,516.21 on Thursday. The stock has a market cap of $53.36 billion, a price-to-earnings ratio of 37.29 and a beta of 1.66. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $1,822.84 and a 200 day simple moving average of $1,585.32. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the firm posted $6.53 EPS. On average, research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.87%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. UBS Group increased their target price on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $2,057.86.

About Comfort Systems USA

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.