479,287 Shares in Comfort Systems USA, Inc. $FIX Bought by Norges Bank

Norges Bank bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 479,287 shares of the construction company’s stock, valued at approximately $256,998,000. Norges Bank owned about 1.36% of Comfort Systems USA at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FIX. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $27,000. Stone House Investment Management LLC bought a new stake in Comfort Systems USA during the 1st quarter worth approximately $31,000. Brooklyn Investment Group grew its holdings in Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after acquiring an additional 83 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Comfort Systems USA by 310.7% during the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after acquiring an additional 87 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $978.00 on Monday. The business has a 50-day moving average price of $889.85 and a two-hundred day moving average price of $702.39. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $34.50 billion, a P/E ratio of 41.41 and a beta of 1.55.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $713.90 million for the quarter. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.16%.

Analysts Set New Price Targets

FIX has been the topic of several analyst reports. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Stifel Nicolaus set a $1,069.00 target price on Comfort Systems USA in a report on Friday, October 24th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. Finally, DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus target price of $892.75.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the transaction, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,158 shares of company stock worth $21,277,519. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.