BI Asset Management Fondsmaeglerselskab A S Has $9.80 Million Holdings in Comfort Systems USA, Inc. $FIX

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 228.1% in the 4th quarter, Holdings Channel reports. The fund owned 10,504 shares of the construction company’s stock after buying an additional 7,303 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comfort Systems USA were worth $9,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FIX. Ameriflex Group Inc. raised its stake in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth about $28,000. Farmers & Merchants Investments Inc. raised its stake in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares in the last quarter. Finally, ORG Partners LLC raised its stake in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the sale, the chief financial officer owned 32,804 shares in the company, valued at $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,078 shares of company stock valued at $46,651,175 over the last three months. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Erste Group Bank started coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating on the stock. Finally, Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,969.33.

Comfort Systems USA Stock Performance

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

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results 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 for 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%.The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.75 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current 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 $0.80 dividend. 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 (DPR) is currently 9.23%.

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.