Nordea Investment Management AB Sells 15,805 Shares of Comfort Systems USA, Inc. $FIX

Nordea Investment Management AB trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,293 shares of the construction company’s stock after selling 15,805 shares during the quarter. Nordea Investment Management AB’s holdings in Comfort Systems USA were worth $41,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Westfield Capital Management Co. LP lifted its stake in Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 0.4% in the second quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock valued at $440,764,000 after buying an additional 3,032 shares during the period. AQR Capital Management LLC raised its stake in shares of Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Comfort Systems USA by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,906 shares of the construction company’s stock valued at $287,894,000 after buying an additional 17,469 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Comfort Systems USA during the 2nd quarter worth $256,998,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FIX shares. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, DA Davidson restated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at approximately $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,028 shares of company stock valued at $25,381,151 over the last 90 days. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,055.06 on Thursday. The company has a 50 day moving average of $965.54 and a 200 day moving average of $813.52. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock has a market cap of $37.21 billion, a P/E ratio of 44.67 and a beta of 1.66. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,079.27.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the company posted $4.09 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were paid a dividend of $0.60 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 10.16%.

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.