PensionDanmark Pensionsforsikringsaktieselskab Has $15.12 Million Position in Comfort Systems USA, Inc. $FIX

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 25.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,628 shares of the construction company’s stock after selling 2,658 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Comfort Systems USA were worth $15,118,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Assenagon Asset Management S.A. raised its holdings in Comfort Systems USA by 104.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 31,013 shares of the construction company’s stock worth $61,466,000 after buying an additional 15,855 shares during the period. Apella Capital LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $361,000. Thrive Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $234,000. Fermata Advisors LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth $258,000. Finally, David J Yvars Group raised its holdings in shares of Comfort Systems USA by 41.2% during the second quarter. David J Yvars Group now owns 240 shares of the construction company’s stock worth $476,000 after acquiring an additional 70 shares during the period. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIX has been the topic of several research reports. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Trading Down 1.2%

Shares of NYSE:FIX opened at $1,693.68 on Friday. The company’s 50-day moving average price is $1,806.50 and its two-hundred day moving average price is $1,614.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The stock has a market capitalization of $59.60 billion, a PE ratio of 41.65 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.53 EPS. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,165 shares of company stock valued at $18,012,152 in the last ninety days. 1.24% of the stock is owned by company insiders.

About Comfort Systems USA

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.