Handelsbanken Fonder AB Buys 1,357 Shares of Comfort Systems USA, Inc. $FIX

Handelsbanken Fonder AB boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,390 shares of the construction company’s stock after buying an additional 1,357 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.06% of Comfort Systems USA worth $42,394,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares during the last quarter. Norges Bank bought a new position in Comfort Systems USA in the fourth quarter valued at about $469,606,000. State Street Corp boosted its holdings in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after acquiring an additional 375,118 shares during the last quarter. Geode Capital Management LLC increased its position in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after purchasing an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Comfort Systems USA by 37,987.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock worth $289,349,000 after purchasing an additional 309,217 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. KeyCorp lifted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Oppenheimer started coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price objective on the stock. One 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 stock. According to MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $2,057.86.

Insider Transactions at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the sale, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the transaction, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 0.8%

Shares of Comfort Systems USA stock opened at $1,688.00 on Wednesday. The business has a fifty day simple moving average of $1,800.41 and a 200 day simple moving average of $1,625.42. The stock has a market cap of $59.40 billion, a PE ratio of 41.52 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results 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. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.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 prior year, the firm posted $6.53 earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a $0.90 dividend. 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.87%.

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.