Amundi Has $7.73 Million Position in Comfort Systems USA, Inc. $FIX

Amundi boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2,401.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,811 shares of the construction company’s stock after purchasing an additional 23,819 shares during the quarter. Amundi owned about 0.07% of Comfort Systems USA worth $7,725,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FIX. GAMMA Investing LLC grew its position in Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock valued at $81,974,000 after purchasing an additional 253,677 shares during the period. Nuveen LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at $74,634,000. Artemis Investment Management LLP grew its position in Comfort Systems USA by 147.4% in the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company’s stock valued at $80,015,000 after purchasing an additional 147,885 shares during the period. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.4% in the 1st quarter. JPMorgan Chase & Co. now owns 519,437 shares of the construction company’s stock valued at $167,430,000 after purchasing an additional 138,541 shares during the period. Finally, Carmignac Gestion purchased a new position in Comfort Systems USA during the 1st quarter worth $43,286,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. UBS Group lifted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, DA Davidson lifted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $635.60.

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the transaction, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock worth $18,710,798 in the last ninety days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Up 6.3%

Shares of Comfort Systems USA stock opened at $754.20 on Thursday. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $757.12. The stock’s 50-day simple moving average is $650.24 and its 200 day simple moving average is $493.50. The stock has a market capitalization of $26.61 billion, a P/E ratio of 38.76 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $3.74 EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.28%.

About Comfort Systems USA

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.