Generali Asset Management SPA SGR Buys New Holdings in Comfort Systems USA, Inc. $FIX

Generali Asset Management SPA SGR bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,002 shares of the construction company’s stock, valued at approximately $935,000.

A number of other large investors have also recently bought and sold shares of the company. Geneva Partners LLC boosted its position in Comfort Systems USA by 55.7% in the fourth quarter. Geneva Partners LLC now owns 2,735 shares of the construction company’s stock valued at $2,553,000 after buying an additional 978 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $2,613,000. Allegiance Financial Group Advisory Services LLC boosted its position in Comfort Systems USA by 23.2% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 748 shares of the construction company’s stock valued at $698,000 after buying an additional 141 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Comfort Systems USA by 46.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,117 shares of the construction company’s stock valued at $2,909,000 after buying an additional 993 shares during the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $369,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred 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 transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director owned 9,166 shares in the company, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,901 shares of company stock worth $87,618,330. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research report on Friday, April 24th. Finally, Stifel Nicolaus upped their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Trading Down 0.1%

Comfort Systems USA stock opened at $1,950.66 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12 month low of $430.79 and a 12 month high of $2,018.05. The stock’s 50 day simple moving average is $1,529.16 and its two-hundred day simple moving average is $1,215.34. The firm has a market cap of $68.66 billion, a PE ratio of 56.28 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm posted $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. Analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 8.08%.

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.