AMF Tjanstepension AB Sells 162,078 Shares of Comfort Systems USA, Inc. $FIX

AMF Tjanstepension AB lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 59.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,590 shares of the construction company’s stock after selling 162,078 shares during the quarter. Comfort Systems USA makes up about 1.0% of AMF Tjanstepension AB’s investment portfolio, making the stock its 27th largest position. AMF Tjanstepension AB’s holdings in Comfort Systems USA were worth $151,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares in the last quarter. Norges Bank bought a new position in shares of Comfort Systems USA during the fourth quarter worth $469,606,000. State Street Corp raised its position in shares of Comfort Systems USA by 35.6% during the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the period. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after acquiring an additional 332,441 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Comfort Systems USA by 37,987.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after buying an additional 309,217 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the sale, the chief financial officer owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares of the company’s stock, valued at $13,282,648.22. This trade represents a 16.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,778 shares of company stock valued at $59,746,124. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. Oppenheimer started coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Erste Group Bank began coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday. They issued a “buy” rating and a $2,159.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Comfort Systems USA Trading Down 0.2%

NYSE:FIX opened at $1,752.95 on Monday. The firm’s fifty day moving average is $1,883.81 and its 200-day moving average is $1,517.58. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market cap of $61.70 billion, a P/E ratio of 50.58 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.75 earnings per share. Equities 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. Stockholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 15th. 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.