16,843 Shares in Comfort Systems USA, Inc. $FIX Bought by Nykredit A S

Nykredit A S acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,843 shares of the construction company’s stock, valued at approximately $33,382,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA in the second quarter valued at $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth about $28,000. Avalon Trust Co acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Field & Main Bank acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA during the 4th quarter valued at about $33,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research note on Monday, July 27th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2,082.86.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,778 shares of company stock valued at $56,306,777. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 1.2%

Comfort Systems USA stock opened at $1,579.42 on Friday. The stock has a 50-day moving average price of $1,713.31 and a 200 day moving average price of $1,679.13. Comfort Systems USA, Inc. has a 52 week low of $682.00 and a 52 week high of $2,073.99. The stock has a market cap of $55.58 billion, a PE ratio of 38.84 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $6.53 EPS. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. Equities research analysts predict that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were given a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

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.