Groupama Asset Managment bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 430 shares of the construction company’s stock, valued at approximately $593,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIX. NewEdge Advisors LLC increased its position in shares of Comfort Systems USA by 41.1% during 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 in the last quarter. Focus Partners Wealth boosted its position in Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after acquiring an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Comfort Systems USA during the 2nd quarter valued at about $567,000. Finally, Sei Investments Co. raised its holdings in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. This represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,778 shares of company stock valued at $56,257,229 in the last ninety days. Company insiders own 1.24% of the company’s stock.
Comfort Systems USA Stock Performance
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly 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. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.53 EPS. Analysts forecast that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.87%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Glj Research began 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 target price on the stock. KeyCorp increased their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One 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 data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $2,057.86.
Check Out Our Latest Report on Comfort Systems USA
Comfort Systems USA Company 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.
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