Groupama Asset Managment Purchases Shares of 430 Comfort Systems USA, Inc. $FIX

Groupama Asset Managment acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 430 shares of the construction company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Core Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at about $28,000. CENTRAL TRUST Co purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $46,000. Ascentis Independent Advisors purchased a new stake in shares of Comfort Systems USA during the first quarter worth approximately $46,000. Brown Lisle Cummings Inc. acquired a new stake in Comfort Systems USA in the first quarter valued at approximately $47,000. Finally, Hollencrest Capital Management purchased a new position in Comfort Systems USA in the first quarter worth approximately $48,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Glj Research initiated coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. The Goldman Sachs Group started coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, KeyCorp lifted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $2,057.86.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares in the company, valued at approximately $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 28,778 shares of company stock valued at $56,257,229. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Down 0.1%

Shares of NYSE:FIX opened at $1,728.56 on Monday. The firm has a 50 day simple moving average of $1,817.97 and a 200-day simple moving average of $1,595.01. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $60.83 billion, a PE ratio of 42.51 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm posted $6.53 EPS. The company’s revenue was up 50.3% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 7.87%.

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.