EULAV Asset Management Has $56.66 Million Holdings in Comfort Systems USA, Inc. $FIX

EULAV Asset Management cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,708 shares of the construction company’s stock after selling 59,900 shares during the quarter. Comfort Systems USA makes up about 1.5% of EULAV Asset Management’s holdings, making the stock its 19th biggest position. EULAV Asset Management’s holdings in Comfort Systems USA were worth $56,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Ameriflex Group Inc. grew its stake in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth $28,000. Farmers & Merchants Investments Inc. grew its position in Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC grew its position in Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the last quarter. Finally, ORG Partners LLC grew its position in Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 5th. The shares were 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 represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FIX shares. UBS Group raised their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Stifel Nicolaus raised their price target on shares of 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. DA Davidson raised their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. KeyCorp upgraded 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 research report on Friday, April 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,969.33.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,841.59 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm’s 50-day simple moving average is $1,735.08 and its 200-day simple moving average is $1,354.40. Comfort Systems USA, Inc. has a twelve month low of $469.16 and a twelve month high of $2,073.99. The firm has a market cap of $64.82 billion, a P/E ratio of 53.13 and a beta of 1.65.

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

Comfort Systems USA Increases Dividend

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

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.