DNB Asset Management AS Raises Stock Position in Comfort Systems USA, Inc. $FIX

DNB Asset Management AS increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 241.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,096 shares of the construction company’s stock after acquiring an additional 7,143 shares during the quarter. DNB Asset Management AS’s holdings in Comfort Systems USA were worth $9,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth increased its stake in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Comfort Systems USA during the 2nd quarter worth approximately $567,000. Finally, Sei Investments Co. increased its stake in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,994.37 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business has a 50 day simple moving average of $1,599.07 and a 200-day simple moving average of $1,263.40. The firm has a market capitalization of $70.20 billion, a PE ratio of 57.54 and a beta of 1.70. Comfort Systems USA, Inc. has a 1 year low of $452.04 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates 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 revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.75 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Insiders Place Their Bets

In other news, CFO William George III sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 directly owned 32,804 shares in the company, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 4,500 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the sale, the director directly owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This represents a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 61,024 shares of company stock valued at $99,678,386. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research reports. UBS Group boosted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. DA Davidson upped their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,923.20.

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.