Comfort Systems USA, Inc. $FIX Stock: Eurizon Capital SGR S.p.A. Boosts Position

Eurizon Capital SGR S.p.A. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 121.2% in the 3rd quarter, Holdings Channel reports. The fund owned 18,152 shares of the construction company’s stock after acquiring an additional 9,947 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Comfort Systems USA were worth $30,035,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FIX. Signature Equity Partners LLC boosted its position in shares of Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock worth $636,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 3.4% in the third quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock worth $303,000 after purchasing an additional 6 shares in the last quarter. LifeGoal Investments LLC raised its holdings in Comfort Systems USA by 1.9% in the third quarter. LifeGoal Investments LLC now owns 314 shares of the construction company’s stock worth $519,000 after purchasing an additional 6 shares in the last quarter. Finally, Petra Financial Advisors Inc. lifted its position in Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX opened at $1,110.69 on Friday. The stock has a 50-day moving average price of $1,468.04 and a 200-day moving average price of $1,597.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. The firm has a market cap of $38.86 billion, a PE ratio of 24.35 and a beta of 1.64. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $8.25 EPS. Comfort Systems USA’s revenue was up 53.7% compared to the same quarter last year. Sell-side analysts predict that Comfort Systems USA, Inc. will post 50.03 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a $1.00 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 12th. Comfort Systems USA’s payout ratio is currently 8.64%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. UBS Group decreased their price target on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. DA Davidson set a $1,850.00 price objective on shares of Comfort Systems USA in a research note on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a research note on Tuesday, October 20th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $1,889.12.

Insider Activity at Comfort Systems USA

In related news, CFO William George, III sold 2,554 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Lane sold 16,024 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc. is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses. Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.