Integrated Quantitative Investments LLC Trims Stake in Comfort Systems USA, Inc. $FIX

Integrated Quantitative Investments LLC cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 44.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,159 shares of the construction company’s stock after selling 925 shares during the period. Integrated Quantitative Investments LLC’s holdings in Comfort Systems USA were worth $956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $256,998,000. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after acquiring an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Comfort Systems USA during the 2nd quarter valued at $114,551,000. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after acquiring an additional 197,613 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new position in Comfort Systems USA in the 3rd quarter valued at $156,183,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,429.71 on Thursday. The company has a market cap of $50.28 billion, a PE ratio of 49.47 and a beta of 1.63. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm’s 50 day moving average price is $1,185.24 and its 200-day moving average price is $973.90.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $4.09 EPS. The business’s revenue was up 41.7% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a dividend of $0.70 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.30%.

Insider Activity

In other news, Director Constance Ellen Skidmore sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,425,000.00. Following the sale, the director owned 12,627 shares in the company, valued at approximately $17,993,475. The trade was a 7.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the transaction, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,001 shares of company stock worth $44,976,027 over the last quarter. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a research report on Monday, February 23rd. Finally, UBS Group reissued a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,573.67.

Comfort Systems USA 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.