Handelsbanken Fonder AB Raises Position in Comfort Systems USA, Inc. (NYSE:FIX)

Handelsbanken Fonder AB grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1,171.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,137 shares of the construction company’s stock after buying an additional 107,000 shares during the quarter. Handelsbanken Fonder AB owned 0.33% of Comfort Systems USA worth $37,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now directly owns 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares of the company’s stock, valued at approximately $3,155,619.60. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last 90 days. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FIX has been the subject of a number of recent analyst reports. Wall Street Zen raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson lifted their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $525.80.

Comfort Systems USA Trading Down 2.8%

Shares of NYSE:FIX opened at $487.53 on Wednesday. The stock’s 50-day simple moving average is $418.63 and its two-hundred day simple moving average is $419.54. The stock has a market capitalization of $17.20 billion, a price-to-earnings ratio of 33.37 and a beta of 1.51. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 EPS. Analysts expect 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 Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.37%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

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.