Handelsbanken Fonder AB Sells 54,560 Shares of Comfort Systems USA, Inc. $FIX

Handelsbanken Fonder AB lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 47.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,898 shares of the construction company’s stock after selling 54,560 shares during the period. Handelsbanken Fonder AB’s holdings in Comfort Systems USA were worth $55,902,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Invesco Ltd. grew its stake in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after purchasing an additional 73,727 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of 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 purchasing an additional 53,125 shares during the last quarter. JPMorgan Chase & Co. grew 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 purchasing an additional 197,613 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock worth $423,529,000 after purchasing an additional 117,892 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,851.78 on Tuesday. The firm’s 50-day moving average price is $1,609.19 and its 200-day moving average price is $1,269.53. Comfort Systems USA, Inc. has a 1-year low of $452.04 and a 1-year high of $2,073.99. The firm has a market capitalization of $65.18 billion, a P/E ratio of 53.43 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business earned $4.75 earnings per share. The business’s quarterly 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 fiscal 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 is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.23%.

Insider Activity

In related news, Director Franklin Myers sold 8,636 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the sale, the director owned 73,995 shares in the company, valued at $108,962,077.20. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of the company’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 completion of the sale, the director owned 18,035 shares in the company, valued at $24,703,260.90. This represents a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 61,024 shares of company stock valued at $99,678,386. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several analyst reports. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target on the stock. DA Davidson upped 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 research report on Monday, February 23rd. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA 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.