Varma Mutual Pension Insurance Co Purchases Shares of 7,800 Comfort Systems USA, Inc. $FIX

Varma Mutual Pension Insurance Co purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the second quarter, HoldingsChannel reports. The firm purchased 7,800 shares of the construction company’s stock, valued at approximately $15,459,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Prudential PLC acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $6,922,000. Ethic Inc. boosted its position in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the period. BNP Paribas Financial Markets boosted its position in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after buying an additional 39,888 shares during the period. Vanguard Group Inc. grew its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Comfort Systems USA by 713.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock worth $12,392,000 after acquiring an additional 11,645 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 2,554 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 17,096 shares of company stock valued at $31,186,647. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,658.28 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $1,783.64 and a 200 day moving average price of $1,658.46. The company has a market cap of $58.35 billion, a P/E ratio of 40.78 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $670.19 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating 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 company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $6.53 earnings per share. Comfort Systems USA’s quarterly revenue was up 50.3% on a year-over-year basis. Sell-side 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 will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective on the stock. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, DA Davidson assumed coverage on Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $2,100.00 price objective for the company. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $2,082.86.

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.