Prudential PLC Buys Shares of 7,417 Comfort Systems USA, Inc. $FIX

Prudential PLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,417 shares of the construction company’s stock, valued at approximately $6,922,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vise Technologies Inc. grew its stake in Comfort Systems USA by 139.5% in the fourth quarter. Vise Technologies Inc. now owns 752 shares of the construction company’s stock valued at $702,000 after acquiring an additional 438 shares during the period. Globeflex Capital L P grew its stake in Comfort Systems USA by 36.7% in the fourth quarter. Globeflex Capital L P now owns 4,765 shares of the construction company’s stock valued at $4,447,000 after acquiring an additional 1,278 shares during the period. Daiwa Securities Group Inc. grew its stake in Comfort Systems USA by 782.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,357 shares of the construction company’s stock valued at $11,532,000 after acquiring an additional 10,956 shares during the period. TD Asset Management Inc grew its stake in Comfort Systems USA by 317.9% in the fourth quarter. TD Asset Management Inc now owns 12,722 shares of the construction company’s stock valued at $11,873,000 after acquiring an additional 9,678 shares during the period. Finally, Cibc World Market Inc. grew its stake in Comfort Systems USA by 22.3% in the fourth quarter. Cibc World Market Inc. now owns 36,089 shares of the construction company’s stock valued at $33,682,000 after acquiring an additional 6,589 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director owned 68,983 shares in the company, valued at $131,244,986.31. The trade was a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,078 shares of company stock valued at $46,651,175 in the last ninety days. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of research analyst reports. Glj Research started coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Erste Group Bank started coverage on Comfort Systems USA in a research report on Friday. They set a “buy” rating for the company. UBS Group upped their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. KeyCorp raised 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 research report on Friday, April 24th. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Stock Down 3.8%

FIX stock opened at $1,841.59 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock has a market capitalization of $64.82 billion, a P/E ratio of 53.13 and a beta of 1.65. The business has a 50-day moving average of $1,735.08 and a 200-day moving average of $1,354.40. Comfort Systems USA, Inc. has a fifty-two week low of $469.16 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.75 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. The ex-dividend date was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Comfort Systems USA 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.