Avanza Fonder AB Invests $5.52 Million in Comfort Systems USA, Inc. $FIX

Avanza Fonder AB acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,913 shares of the construction company’s stock, valued at approximately $5,519,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. lifted its position in Comfort Systems USA by 7.4% during the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares in the last quarter. AQR Capital Management LLC increased its position in Comfort Systems USA by 6.8% in the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after buying an additional 197,613 shares during the period. First Trust Advisors LP lifted its position in shares of Comfort Systems USA by 29.8% during the 3rd quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after buying an additional 117,892 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $256,998,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $1,611.00 target price on shares of Comfort Systems USA in a report on Monday, February 23rd. DA Davidson lifted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. UBS Group reiterated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus target price of $1,573.67.

Insider Transactions at Comfort Systems USA

In related news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares in the company, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the sale, the chief financial officer directly owned 37,824 shares in the company, valued at $54,276,305.28. The trade was a 19.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,288 shares of company stock worth $53,677,038 in the last quarter. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Trading Up 4.1%

FIX stock opened at $1,412.42 on Tuesday. The firm has a fifty day moving average price of $1,289.25 and a 200 day moving average price of $1,038.42. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market cap of $49.67 billion, a PE ratio of 48.87 and a beta of 1.62.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. Comfort Systems USA’s revenue was up 41.7% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s payout ratio is 9.69%.

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.