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

Oppenheimer Asset Management Inc. reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,160 shares of the construction company’s stock after selling 85 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,014,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital World Investors raised its holdings in Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after acquiring an additional 451,852 shares in the last quarter. Millennium Management LLC raised its stake in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Blackstone Inc. bought a new position in shares of Comfort Systems USA during the first quarter worth about $41,302,000. Swedbank AB bought a new stake in Comfort Systems USA in the first quarter valued at about $31,771,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Comfort Systems USA in the second quarter valued at about $29,743,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock valued at $16,625,615 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $524.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.00.

Comfort Systems USA Stock Up 1.3 %

NYSE:FIX opened at $445.02 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $398.73 and a 200-day moving average of $347.84. The firm has a market capitalization of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $474.62.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. Analysts predict that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

About Comfort Systems USA

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.