Nisa Investment Advisors LLC Cuts Position in Comfort Systems USA, Inc. $FIX

Nisa Investment Advisors LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 26.3% in the third quarter, Holdings Channel.com reports. The fund owned 11,785 shares of the construction company’s stock after selling 4,204 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $9,725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Westfield Capital Management Co. LP increased its holdings in shares of Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares in the last quarter. Geode Capital Management LLC grew its position in Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after buying an additional 3,032 shares during the period. AQR Capital Management LLC increased its holdings in Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock valued at $287,894,000 after acquiring an additional 17,469 shares during the period. Finally, Norges Bank acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at approximately $256,998,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. UBS Group boosted their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. DA Davidson reissued a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a report on Friday, December 19th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,011.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,010.61 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,050.45. The company has a market capitalization of $35.65 billion, a price-to-earnings ratio of 42.79 and a beta of 1.66. The stock has a fifty day moving average of $960.69 and a two-hundred day moving average of $802.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is 10.16%.

Insider Buying and Selling at Comfort Systems USA

In related news, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total transaction of $996,160.00. Following the sale, the senior vice president owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares of the company’s stock, valued at $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,028 shares of company stock valued at $25,381,151. Corporate insiders own 1.59% of the company’s stock.

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.