Legal & General Group Plc Boosts Stake in Comfort Systems USA, Inc. $FIX

Legal & General Group Plc grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 98.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 121,860 shares of the construction company’s stock after buying an additional 60,315 shares during the period. Legal & General Group Plc’s holdings in Comfort Systems USA were worth $113,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hantz Financial Services Inc. raised its holdings in shares of Comfort Systems USA by 109.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,322 shares of the construction company’s stock worth $1,234,000 after buying an additional 690 shares during the last quarter. Swedbank AB acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $14,627,000. Prospera Financial Services Inc increased its stake in shares of Comfort Systems USA by 5.4% in the fourth quarter. Prospera Financial Services Inc now owns 391 shares of the construction company’s stock worth $365,000 after acquiring an additional 20 shares during the period. Darden Wealth Group Inc acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $205,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 35.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the construction company’s stock worth $1,441,000 after acquiring an additional 404 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 0.5%

FIX stock opened at $1,857.34 on Friday. Comfort Systems USA, Inc. has a one year low of $465.05 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm’s fifty day moving average is $1,684.30 and its 200 day moving average is $1,318.83. The firm has a market cap of $65.38 billion, a PE ratio of 53.59 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the company posted $4.75 EPS. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the sale, the chief financial officer directly owned 32,804 shares in the company, valued at approximately $66,295,571.84. The trade was a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 29,694 shares of company stock worth $54,374,425. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FIX shares. Stifel Nicolaus increased 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 research note on Thursday, April 16th. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA 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.