Comfort Systems USA, Inc. $FIX Stock Holdings Reduced by Katamaran Capital LLP

Katamaran Capital LLP reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 62.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,349 shares of the construction company’s stock after selling 2,199 shares during the quarter. Comfort Systems USA makes up about 1.5% of Katamaran Capital LLP’s investment portfolio, making the stock its 22nd largest holding. Katamaran Capital LLP’s holdings in Comfort Systems USA were worth $1,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIX. Sigma Planning Corp lifted its holdings in shares of Comfort Systems USA by 57.0% during the 1st quarter. Sigma Planning Corp now owns 1,361 shares of the construction company’s stock valued at $1,877,000 after buying an additional 494 shares during the last quarter. Cogent Strategic Wealth LLC acquired a new position in Comfort Systems USA in the first quarter worth approximately $305,000. Calamos Advisors LLC increased its holdings in Comfort Systems USA by 229.9% in the first quarter. Calamos Advisors LLC now owns 6,106 shares of the construction company’s stock worth $8,420,000 after buying an additional 4,255 shares during the last quarter. Legacy Capital Group California Inc. acquired a new position in Comfort Systems USA in the first quarter worth approximately $832,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Comfort Systems USA during the first quarter valued at approximately $207,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. UBS Group increased their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Finally, Erste Group Bank assumed coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating for the company. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction 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 directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 30,778 shares of company stock valued at $59,746,124 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 2.4%

Shares of FIX stock opened at $1,774.40 on Wednesday. The stock’s 50 day simple moving average is $1,877.64 and its 200 day simple moving average is $1,528.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The company has a market capitalization of $62.46 billion, a price-to-earnings ratio of 51.19 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company earned $4.75 EPS. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts predict 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 was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

Comfort Systems USA Company 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.