KBC Group NV Cuts Stock Position in Comfort Systems USA, Inc. $FIX

KBC Group NV decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.0% in the first quarter, HoldingsChannel reports. The fund owned 84,392 shares of the construction company’s stock after selling 7,337 shares during the quarter. KBC Group NV’s holdings in Comfort Systems USA were worth $116,376,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the fourth quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at $33,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 17 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on FIX shares. KeyCorp upgraded 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 research note on Friday, April 24th. Oppenheimer began coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. UBS Group raised their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $2,015.43.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Sandbrook sold 1,500 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the sale, the director directly owned 7,666 shares in the company, valued at $13,282,648.22. This represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,778 shares of company stock valued at $59,746,124 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $1,667.28 on Monday. 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, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99. The firm has a 50 day moving average of $1,861.34 and a two-hundred day moving average of $1,544.34. The firm has a market capitalization of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s payout ratio is presently 9.23%.

About Comfort Systems USA

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.