Royal London Asset Management 13F: Cuts FIX Stake by $112M

Royal London Asset Management has cut its stake in Comfort Systems USA, Inc. (NYSE: FIX) by 29%. According to its latest 13F filing with the SEC, the firm sold 56,544 shares, leaving it with 138,256 shares valued at approximately $257 million as of the reporting period ending March 31, 2026.

What Changed in Royal London Asset Management's Comfort Systems USA Position

Royal London Asset Management reduced its holdings in Comfort Systems USA from 194,800 shares to 138,256 shares, a decrease of 56,544 shares or 29%. The value of its remaining stake is about $257 million, reflecting a significant reduction in its position.

Other Institutional Activity in Comfort Systems USA

Other large investors have also adjusted their positions in Comfort Systems USA. BlackRock, Inc. added 64,292 shares, bringing its total to 3,512,927 shares worth approximately $4.84 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both initiated positions with 2,285,949 and 1,881,184 shares respectively. Meanwhile, State Street Corp increased its holdings by 43,205 shares to a total of 1,471,879 shares valued at $2.03 billion. On the other hand, FMR LLC reduced its position by 221,194 shares, now holding 1,449,517 shares worth about $1.99 billion.

Comfort Systems USA, Inc. Stock Up 33.8%

Shares of NYSE:FIX are trading near $1,858. Comfort Systems USA has a market cap of about $66 billion and a P/E ratio of 54.3. The stock's 52-week range is between $490 and $2,074. It has a 50-day moving average of $1,792 and a 200-day moving average of $1,229. The company's beta is 1.67, indicating higher volatility compared to the market.

Recent Earnings

Comfort Systems USA reported revenue of $10.14 billion with a slight growth of 1%. The company achieved a net margin of 12% and a return on equity of 53.3%. Its next earnings announcement is scheduled for April 23, 2026.

Dividend

Comfort Systems USA pays an annual dividend rate of $2.60, yielding 0.14% with a payout ratio of 6.5%. This suggests the company retains a significant portion of its earnings for growth.

Insider Buying and Selling at Comfort Systems USA, Inc.

Recent insider activity includes sales by Hardy Rhoman, who sold 342 shares on May 27, 2026, and Franklin Myers, who sold 273 shares on May 21, 2026. On May 18, 2026, Franklin Myers, Gaurav Kapoor, Darcy Anderson, and Herman Bulls each bought 105 shares.

Analysts Set New Price Targets

Analysts remain optimistic about Comfort Systems USA. On June 8, 2026, UBS maintained a 'buy' rating with a price target of $2,125. Oppenheimer initiated coverage with a 'buy' rating and a $2,200 target on May 28, 2026. The consensus among analysts is a 'strong buy' with an average target price of $2,048 based on six opinions.

About Comfort Systems USA

Comfort Systems USA, Inc., headquartered in Houston, Texas, offers mechanical and electrical installation and maintenance services across the U.S. It operates through Mechanical and Electrical segments, providing services such as HVAC systems, plumbing, and electrical installations. The company serves a range of clients in the commercial, industrial, and institutional markets. Comfort Systems was founded in 1917 and employs around 22,700 people.

Bottom Line

Royal London Asset Management's recent reduction in its Comfort Systems USA holdings is a notable change in its investment strategy. While the 13F filing provides a snapshot as of March 31, 2026, it may not reflect the current position. Investors closely watch these filings to gauge institutional sentiment and potential market impacts.