Daiichi Life Insurance Co. Ltd. bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,180 shares of the construction company’s stock, valued at approximately $12,248,000.
Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Comfort Systems USA by 110.6% during the 1st 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 in the last quarter. Sivia Capital Partners LLC boosted its position in shares of 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 worth $579,000 after acquiring an additional 313 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $567,000. Finally, Sei Investments Co. increased its holdings in shares of 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Comfort Systems USA Stock Down 0.9%
Shares of NYSE FIX opened at $1,658.28 on Friday. The stock has a market cap of $58.35 billion, a PE ratio of 40.78 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 52-week low of $670.19 and a 52-week high of $2,073.99. The business has a 50-day moving average price of $1,783.64 and a 200 day moving average price of $1,655.08.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.
Insider Buying and Selling
In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA 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 completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. This trade represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,096 shares of company stock worth $31,186,647 in the last 90 days. Company insiders own 1.24% of the company’s stock.
Wall Street Analysts Forecast Growth
FIX has been the subject of several recent analyst reports. DA Davidson assumed coverage on Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $2,100.00 target price for the company. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA in a research report on Monday, July 27th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a report on Thursday. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2,082.86.
Read Our Latest Analysis on FIX
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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