Eurizon Capital SGR S.p.A. Purchases Shares of 3,962 Comfort Systems USA, Inc. $FIX

Eurizon Capital SGR S.p.A. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIXFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,962 shares of the construction company’s stock, valued at approximately $3,702,000.

A number of other hedge funds have also recently bought and sold shares of FIX. NewEdge Advisors LLC increased its position in shares of Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth increased its position in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC increased its position in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the period. WINTON GROUP Ltd bought a new position in shares of Comfort Systems USA in the second quarter worth $567,000. Finally, Sei Investments Co. increased its position in shares of Comfort Systems USA by 69.2% in the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after purchasing an additional 17,839 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Down 2.4%

Shares of Comfort Systems USA stock opened at $1,783.45 on Tuesday. 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 current ratio of 1.24 and a quick ratio of 1.21. The stock’s 50-day moving average is $1,699.15 and its 200 day moving average is $1,330.69. The firm has a market cap of $62.78 billion, a price-to-earnings ratio of 51.46 and a beta of 1.66.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $4.75 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.38 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. DA Davidson raised their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. UBS Group raised their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Finally, Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average price target of $1,969.33.

View Our Latest Report on FIX

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the transaction, the director owned 68,983 shares of the company’s stock, valued at $131,244,986.31. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the firm’s 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 transaction, the director directly owned 1,890 shares of the company’s stock, valued at approximately $3,591,151.20. This trade represents a 15.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,078 shares of company stock worth $46,651,175 over the last three months. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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