Livforsakringsbolaget Skandia Omsesidigt bought a new position in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 880 shares of the construction company’s stock, valued at approximately $1,743,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp bought a new position in shares of Comfort Systems USA during the second quarter valued at about $26,000. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter worth about $28,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the second quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA during the 4th quarter valued at about $33,000. Finally, Carolina Wealth Advisors LLC increased its holdings in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the period. 96.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,778 shares of company stock valued at $56,306,777 over 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 earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business earned $6.53 EPS. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. On average, analysts anticipate that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is presently 8.85%.
Wall Street Analysts Forecast Growth
FIX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price on the stock. KeyCorp upped their target price 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 target on Comfort Systems USA in a research note on Monday, July 27th. Finally, Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus price target of $2,082.86.
Read 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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