Forsta AP Fonden Buys Shares of 7,920 Comfort Systems USA, Inc. $FIX

Forsta AP Fonden acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 7,920 shares of the construction company’s stock, valued at approximately $7,392,000.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $469,606,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $3,702,000. Fideuram Asset Management Ireland dac bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $1,681,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $201,000. Finally, Fiducient Advisors LLC bought a new position in shares of Comfort Systems USA during the fourth quarter worth about $569,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Rhoman J. Hardy sold 342 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the sale, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 24,078 shares of company stock valued at $46,651,175. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of research reports. UBS Group increased their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,969.33.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,783.45 on Tuesday. The stock has a 50 day moving average price of $1,699.15 and a 200 day moving average price of $1,330.69. Comfort Systems USA, Inc. has a 52 week low of $465.05 and a 52 week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a market capitalization of $62.78 billion, a PE ratio of 51.46 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating 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 analysts’ expectations of $2.39 billion. During the same period in the prior year, the firm posted $4.75 earnings per share. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 43.38 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date of this dividend 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 payout ratio is 9.23%.

About Comfort Systems USA

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.