JPMorgan Chase & Co. Sells 235,296 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

JPMorgan Chase & Co. cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 64.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,811 shares of the construction company’s stock after selling 235,296 shares during the period. JPMorgan Chase & Co. owned 0.37% of Comfort Systems USA worth $51,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIX. State Street Corp raised its holdings in Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after purchasing an additional 6,496 shares during the period. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after buying an additional 47,929 shares during the period. Federated Hermes Inc. lifted its position in shares of Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after buying an additional 8,578 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $138,987,000. Finally, Millennium Management LLC increased its holdings in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FIX shares. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $493.50.

Comfort Systems USA Stock Up 4.7 %

Shares of FIX stock opened at $448.55 on Friday. The company’s fifty day simple moving average is $451.54 and its two-hundred day simple moving average is $381.54. Comfort Systems USA, Inc. has a 52 week low of $194.30 and a 52 week high of $510.79. The stock has a market cap of $15.97 billion, a P/E ratio of 34.32 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Profile

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.