Meiji Yasuda Asset Management Co Ltd. Purchases New Position in Comfort Systems USA, Inc. $FIX

Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 497 shares of the construction company’s stock, valued at approximately $985,000.

A number of other institutional investors have also recently bought and sold shares of the company. Globeflex Capital L P bought a new stake in Comfort Systems USA in the second quarter valued at approximately $8,505,000. Benchmark Investment Advisors LLC acquired a new stake in Comfort Systems USA in the second quarter worth $5,871,000. Bank of Nova Scotia bought a new position in shares of Comfort Systems USA during the second quarter worth $13,725,000. Compass Financial Management LLC bought a new position in shares of Comfort Systems USA during the second quarter worth $2,238,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $1,055,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FIX shares. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. KeyCorp raised their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. DA Davidson started coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating and a $2,100.00 price objective on the stock. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. Finally, UBS Group set a $2,100.00 target price on Comfort Systems USA in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,607.66 on Tuesday. The company has a fifty day moving average price of $1,776.76 and a 200 day moving average price of $1,661.26. The firm has a market cap of $56.57 billion, a PE ratio of 39.54 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 1-year low of $670.19 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.53 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

Insider Activity

In related news, CFO William George III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the firm’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 completion of the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,096 shares of company stock worth $31,186,647 over the last ninety days. Insiders own 1.24% of the company’s stock.

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.