Nordea Investment Management AB Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Nordea Investment Management AB decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,198 shares of the construction company’s stock after selling 13,176 shares during the quarter. Nordea Investment Management AB owned 0.30% of Comfort Systems USA worth $33,916,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas purchased a new position in Comfort Systems USA in the 1st quarter valued at $1,641,000. Capstone Investment Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $584,000. BNP Paribas Financial Markets increased its stake in shares of Comfort Systems USA by 24.6% during the 1st quarter. BNP Paribas Financial Markets now owns 62,094 shares of the construction company’s stock valued at $19,728,000 after acquiring an additional 12,253 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $961,000. Finally, Consolidated Portfolio Review Corp purchased a new stake in Comfort Systems USA during the first quarter valued at about $2,018,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

View Our Latest Report on FIX

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now owns 40,241 shares in the company, valued at approximately $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $302.12 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $352.45. The company has a market capitalization of $10.79 billion, a PE ratio of 29.91 and a beta of 1.15. The stock has a fifty day moving average of $321.06 and a 200-day moving average of $283.22.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 earnings per share. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 11.9 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a $0.30 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is currently 11.88%.

Comfort Systems USA Profile

(Free Report)

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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