Comfort Systems USA, Inc. $FIX Shares Purchased by Czech National Bank

Czech National Bank grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,003 shares of the construction company’s stock after purchasing an additional 418 shares during the period. Czech National Bank’s holdings in Comfort Systems USA were worth $19,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co purchased a new position in Comfort Systems USA during the first quarter worth approximately $46,000. Ascentis Independent Advisors purchased a new position in Comfort Systems USA during the first quarter worth approximately $46,000. Brown Lisle Cummings Inc. acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $47,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at $33,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research reports. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research note on Monday, July 27th. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group began coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective on the stock. Finally, Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $2,057.86.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the completion of the sale, the director owned 1,890 shares in the company, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,165 shares of company stock valued at $18,012,152. 1.24% of the stock is owned by insiders.

Comfort Systems USA Price Performance

FIX opened at $1,693.68 on Friday. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The firm has a market cap of $59.60 billion, a price-to-earnings ratio of 41.65 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $1,806.50 and a 200 day simple moving average of $1,614.33.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business posted $6.53 EPS. The firm’s revenue was up 50.3% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 7.87%.

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.