Norden Group LLC Has $1.20 Million Stake in Comfort Systems USA, Inc. $FIX

Norden Group LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 29.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,452 shares of the construction company’s stock after selling 614 shares during the period. Norden Group LLC’s holdings in Comfort Systems USA were worth $1,198,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FIX. Westfield Capital Management Co. LP raised its holdings in Comfort Systems USA by 5.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after acquiring an additional 46,773 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after purchasing an additional 832,999 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 0.4% during the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after purchasing an additional 3,032 shares during the period. AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Comfort Systems USA by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock worth $287,894,000 after purchasing an additional 17,469 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Franklin Myers sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the completion of the sale, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $4,021,640. This represents a 38.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $956.08 on Friday. The firm has a market cap of $33.72 billion, a PE ratio of 40.48 and a beta of 1.64. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,036.67. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $944.25 and its two-hundred day moving average price is $763.27.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million during the quarter. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were paid a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s payout ratio is presently 10.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. William Blair initiated coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1,011.75.

Comfort Systems USA 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.