Oppenheimer Asset Management Inc. Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Oppenheimer Asset Management Inc. decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIXGet Rating) by 2.4% during the first quarter, HoldingsChannel reports. The firm owned 10,727 shares of the construction company’s stock after selling 265 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $955,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Comfort Systems USA by 16.1% during the fourth quarter. Capital World Investors now owns 1,766,379 shares of the construction company’s stock valued at $174,766,000 after buying an additional 244,900 shares during the last quarter. Congress Asset Management Co. MA bought a new position in shares of Comfort Systems USA during the first quarter valued at about $16,025,000. Victory Capital Management Inc. grew its stake in shares of Comfort Systems USA by 17.6% during the first quarter. Victory Capital Management Inc. now owns 706,010 shares of the construction company’s stock valued at $62,765,000 after buying an additional 105,477 shares during the last quarter. Invesco Ltd. grew its stake in shares of Comfort Systems USA by 22.0% during the fourth quarter. Invesco Ltd. now owns 504,576 shares of the construction company’s stock valued at $49,922,000 after buying an additional 91,004 shares during the last quarter. Finally, Eaton Vance Management grew its stake in shares of Comfort Systems USA by 9,324.8% during the fourth quarter. Eaton Vance Management now owns 75,116 shares of the construction company’s stock valued at $7,344,000 after buying an additional 74,319 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIX. DA Davidson raised their price objective on Comfort Systems USA from $100.00 to $114.00 in a research note on Friday, July 29th. StockNews.com cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 5th.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 1,844 shares of Comfort Systems USA stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $92.34, for a total transaction of $170,274.96. Following the sale, the director now directly owns 28,797 shares in the company, valued at $2,659,114.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Franklin Myers sold 21,719 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $106.68, for a total transaction of $2,316,982.92. Following the sale, the chairman now directly owns 175,000 shares in the company, valued at $18,669,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vance W. Tang sold 1,844 shares of Comfort Systems USA stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $92.34, for a total value of $170,274.96. Following the sale, the director now owns 28,797 shares in the company, valued at $2,659,114.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,469 shares of company stock worth $7,702,094. 2.48% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $100.53 on Friday. The firm has a market cap of $3.60 billion, a P/E ratio of 17.10 and a beta of 1.23. Comfort Systems USA, Inc. has a fifty-two week low of $67.91 and a fifty-two week high of $109.00. The business’s 50 day moving average price is $94.90 and its 200-day moving average price is $89.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.25 and a current ratio of 1.28.

Comfort Systems USA (NYSE:FIXGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The construction company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $914.17 million. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 4.85 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Thursday, August 18th were given a $0.14 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.56%. Comfort Systems USA’s dividend payout ratio is currently 9.52%.

Comfort Systems USA Profile

(Get Rating)

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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