Czech National Bank Acquires New Holdings in Comfort Systems USA, Inc. $FIX

Czech National Bank bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,258 shares of the construction company’s stock, valued at approximately $8,640,000.

Other large investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $25,000. Ameriflex Group Inc. boosted its stake in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Eastern Bank bought a new stake in shares of Comfort Systems USA in the third quarter worth $31,000. Finally, Financial Life Planners bought a new stake in shares of Comfort Systems USA in the third quarter worth $42,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FIX shares. UBS Group reissued a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,573.67.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 8,636 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares of the company’s stock, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the sale, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. The trade was a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,288 shares of company stock worth $53,677,038 in the last quarter. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,367.28 on Friday. The stock has a market cap of $48.09 billion, a P/E ratio of 47.31 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The stock’s fifty day moving average is $1,315.57 and its 200 day moving average is $1,053.39. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00.

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

Comfort Systems USA Increases Dividend

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

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.