BI Asset Management Fondsmaeglerselskab A S Grows Position in Comfort Systems USA, Inc. $FIX

BI Asset Management Fondsmaeglerselskab A S lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 185.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,944 shares of the construction company’s stock after acquiring an additional 19,440 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Comfort Systems USA were worth $41,292,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its position in shares of Comfort Systems USA by 100.0% during 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 in the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter worth about $33,000. Farmers & Merchants Investments Inc. increased its holdings 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 buying an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Comfort Systems USA by 29.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 0.2%

Shares of NYSE FIX opened at $1,971.17 on Friday. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 56.87 and a beta of 1.65. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $1,831.99 and its 200 day moving average is $1,420.84. Comfort Systems USA, Inc. has a 52 week low of $489.98 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data 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 net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $4.75 earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. 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%.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 1,000 shares of Comfort Systems USA stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the transaction, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This trade represents a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on FIX. UBS Group lifted their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research note on Friday, April 24th. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $1,991.50.

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.