Daiwa Securities Group Inc. Grows Stock Holdings in Comfort Systems USA, Inc. $FIX

Daiwa Securities Group Inc. increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 782.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,357 shares of the construction company’s stock after buying an additional 10,956 shares during the period. Daiwa Securities Group Inc.’s holdings in Comfort Systems USA were worth $11,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 332,441 shares in the last quarter. Invesco Ltd. boosted its holdings in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after buying an additional 73,727 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after buying an additional 197,613 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William George III sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the completion of the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This represents a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 24,078 shares of company stock valued at $46,651,175. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,841.59 on Friday. The firm has a 50 day simple moving average of $1,735.08 and a 200-day simple moving average of $1,354.40. 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 firm has a market cap of $64.82 billion, a PE ratio of 53.13 and a beta of 1.65. 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 posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share 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 net margin of 12.07% and a return on equity of 51.69%. The company’s revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.75 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIX. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Glj Research assumed coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. Finally, UBS Group upped their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $1,969.33.

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.