7,963 Shares in Comfort Systems USA, Inc. $FIX Purchased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,963 shares of the construction company’s stock, valued at approximately $10,981,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIX. Ameriflex Group Inc. grew its stake in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $28,000. CENTRAL TRUST Co acquired a new stake in Comfort Systems USA during the first quarter valued at approximately $46,000. Brown Lisle Cummings Inc. bought a new stake in Comfort Systems USA during the first quarter worth approximately $47,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $33,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on FIX. Erste Group Bank started coverage on Comfort Systems USA in a report on Friday, June 5th. They issued a “buy” rating on the stock. Oppenheimer initiated coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,991.50.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the sale, the chief financial officer directly owned 32,804 shares of the company’s stock, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last quarter. 1.24% of the stock is owned by insiders.

Comfort Systems USA Stock Down 6.1%

FIX stock opened at $1,861.01 on Thursday. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99. The company’s 50 day simple moving average is $1,883.01 and its 200-day simple moving average is $1,478.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The firm has a market capitalization of $65.51 billion, a P/E ratio of 53.69 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $4.75 EPS. The company’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s payout ratio is 9.23%.

About Comfort Systems USA

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.