Oppenheimer Asset Management Inc. Has $1.03 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Posted by Defense World Staff on May 6th, 2023

Oppenheimer Asset Management Inc. trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,926 shares of the construction company’s stock after selling 1,789 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in shares of Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after purchasing an additional 394 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of Comfort Systems USA by 64.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock worth $38,000 after acquiring an additional 151 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Comfort Systems USA by 190.0% in the third quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock worth $42,000 after acquiring an additional 285 shares during the period. Signaturefd LLC lifted its stake in shares of Comfort Systems USA by 34.7% in the third quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock worth $46,000 after acquiring an additional 122 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Comfort Systems USA by 60.8% in the first quarter. Lazard Asset Management LLC now owns 857 shares of the construction company’s stock worth $76,000 after acquiring an additional 324 shares during the period. 94.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson lifted their price objective on Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. StockNews.com assumed coverage on Comfort Systems USA in a research note on Thursday, March 16th. They issued a “buy” rating on the stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $147.00, for a total value of $367,500.00. Following the transaction, the director now directly owns 26,297 shares of the company’s stock, valued at $3,865,659. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the sale, the director now owns 24,722 shares in the company, valued at $3,535,987.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vance W. Tang sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $147.00, for a total value of $367,500.00. Following the sale, the director now owns 26,297 shares of the company’s stock, valued at approximately $3,865,659. The disclosure for this sale can be found here. Insiders own 2.48% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $151.87 on Friday. Comfort Systems USA, Inc. has a 52-week low of $74.14 and a 52-week high of $154.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.04. The business’s 50 day moving average price is $140.31 and its two-hundred day moving average price is $127.06. The firm has a market cap of $5.43 billion, a PE ratio of 25.27 and a beta of 1.21.

Comfort Systems USA (NYSE:FIX – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The construction company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. Comfort Systems USA had a return on equity of 21.72% and a net margin of 4.89%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 32.7% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 6.79 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 29th. Shareholders of record on Thursday, May 18th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, May 17th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.53%. Comfort Systems USA’s payout ratio is 11.65%.

Comfort Systems USA Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.