5,913 Shares in Comfort Systems USA, Inc. $FIX Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,913 shares of the construction company’s stock, valued at approximately $5,519,000.

Several other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth boosted its stake in shares of Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Comfort Systems USA by 128.9% in the second quarter. DNB Asset Management AS now owns 2,699 shares of the construction company’s stock worth $1,447,000 after purchasing an additional 1,520 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Comfort Systems USA by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after buying an additional 17,469 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the transaction, the senior vice president owned 2,834 shares in the company, valued at $3,960,033.22. This represents a 28.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the transaction, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $1,412.42 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,500.00. The stock’s 50-day moving average is $1,289.25 and its 200 day moving average is $1,038.42. The company has a market cap of $49.67 billion, a P/E ratio of 48.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.09 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is currently 9.69%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIX shares. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research report on Monday, February 23rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson boosted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $1,573.67.

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.