Bessemer Group Inc. Acquires 299 Shares of Comfort Systems USA, Inc. $FIX

Bessemer Group Inc. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 29,958 shares of the construction company’s stock after purchasing an additional 299 shares during the period. Bessemer Group Inc.’s holdings in Comfort Systems USA were worth $27,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Comfort Systems USA by 17.0% in the 4th 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 during the period. JPMorgan Chase & Co. raised its holdings in Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after acquiring an additional 197,613 shares during the period. AMF Tjanstepension AB bought a new position in Comfort Systems USA in the 3rd quarter worth $156,183,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Comfort Systems USA by 1,189.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company’s stock worth $79,525,000 after acquiring an additional 136,807 shares during the period. Finally, First Trust Advisors LP raised its holdings in Comfort Systems USA by 29.8% in the 3rd quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock worth $423,529,000 after acquiring an additional 117,892 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,994.37 on Friday. The firm’s 50-day moving average is $1,599.07 and its 200-day moving average is $1,261.40. Comfort Systems USA, Inc. has a 52-week low of $452.04 and a 52-week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market cap of $70.20 billion, a price-to-earnings ratio of 57.54 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The business’s revenue was up 56.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is presently 8.08%.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the transaction, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,024 shares of company stock worth $99,678,386. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. DA Davidson lifted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group lifted their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,923.20.

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.