Johnson Investment Counsel Inc. has sold 2,199 shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 7,005 shares of the construction company's stock, representing a 23.9% reduction in holdings. The value of Johnson Investment Counsel Inc.'s holdings in Comfort Systems USA was $1,194,000 as of the most recent filing [2707d18f].
Other hedge funds have also made changes to their positions in Comfort Systems USA. Point72 Asset Management L.P. acquired a new stake in the company during the 2nd quarter, while Brown Brothers Harriman & Co. boosted its stake in the 1st quarter. Meeder Asset Management Inc. and AdvisorNet Financial Inc. also increased their stakes in the 4th and 3rd quarters, respectively. Pinebridge Investments L.P. acquired a new stake in the 2nd quarter. In total, 94.18% of the stock is currently owned by hedge funds and other institutional investors [2707d18f].
Comfort Systems USA, Inc. (NYSE:FIX) is forecasted to earn Q1 2024 earnings of $2.26 per share, according to research analysts at DA Davidson. The construction company reported $2.55 earnings per share for the previous quarter, beating the consensus estimate of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. Several other brokerages have also recently weighed in on FIX, with ratings ranging from "buy" to "neutral." The stock has a market cap of $11.24 billion and a PE ratio of 34.99. Comfort Systems USA pays a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.32%. Insiders have sold 26,814 shares of company stock valued at $7,222,505. Institutional investors own 94.18% of the company's stock [d7c33d8c].
Comfort Systems USA (FIX) stock jumped on strong demand, according to the Carillon Chartwell Small Cap Growth Fund's first quarter 2024 investor letter. The company, which offers mechanical and electrical installation, renovation, maintenance, repair, and replacement services, reported record growth and backlogs. The one-month return of FIX stock was -6.48%, and its shares gained 88.51% over the last 52 weeks. On June 26, 2024, FIX stock closed at $313.50 per share with a market capitalization of $11.199 billion. The Carillon Chartwell Small Cap Growth Fund holds FIX stock and highlighted it as a strong performer in their investor letter. However, FIX is not on the list of 31 most popular stocks among hedge funds. The fund's total investment in FIX for the first quarter of 2024 was $1.5 billion, an increase of $362 million or 31% from Q1 2023. The fund believes that AI stocks hold greater promise for delivering higher returns. FIX was also discussed in Jim Cramer's stock picks heading into June [db020e3d].
USA Compression Partners LP (NYSE:USAC) has received a consensus rating of "Reduce" from three research firms. One analyst has rated the stock as a sell, while two have given a hold recommendation. The average 1-year price target for the stock is $23.00. The company's shares opened at $26.67 on Friday, with a 50-day moving average of $25.72 and a 200-day moving average of $24.85. USA Compression Partners reported earnings per share of $0.10 for the last quarter, missing the consensus estimate of $0.12. The company had revenue of $225.05 million during the quarter. The stock has a market cap of $2.75 billion and a beta of 1.29. USA Compression Partners recently increased its quarterly dividend to $0.525 per share, representing an annualized dividend yield of 7.87%. Insiders have sold a total of 1,866,269 shares of company stock worth $46,746,196. Several institutional investors have modified their holdings of the stock. USA Compression Partners provides compression services to the natural gas and crude oil industries in the United States [e4e6b3ca].