Comfort Systems USA, Inc. $FIX Holdings Raised by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 12.5% in the first quarter, Holdings Channel.com reports. The fund owned 66,710 shares of the construction company’s stock after buying an additional 7,438 shares during the period. Lazard Asset Management LLC’s holdings in Comfort Systems USA were worth $91,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth increased its stake in Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Comfort Systems USA during the second quarter worth $567,000. Finally, Sei Investments Co. lifted its position in shares of Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,728.50 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $655.96 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The business’s fifty day moving average price is $1,833.30 and its two-hundred day moving average price is $1,577.34. The firm has a market capitalization of $60.83 billion, a PE ratio of 42.51 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business posted $6.53 earnings per share. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The company 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. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 7.87%.

Analyst Ratings Changes

FIX has been the subject of several research reports. UBS Group lifted their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday. Finally, The Goldman Sachs Group started coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,057.86.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

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.