Comfort Systems USA, Inc. $FIX Stock Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 232.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,919 shares of the construction company’s stock after purchasing an additional 45,363 shares during the period. Artemis Investment Management LLP’s holdings in Comfort Systems USA were worth $107,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $6,734,037,000. Deutsche Bank AG bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $443,751,000. Legal & General Group Plc bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth about $400,096,000. Bank of New York Mellon Corp bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $370,479,000. Finally, Amundi grew its holdings in shares of Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after purchasing an additional 156,069 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $66.37 during trading on Thursday, hitting $1,674.99. The company had a trading volume of 120,536 shares, compared to its average volume of 431,031. Comfort Systems USA, Inc. has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99. The stock has a fifty day simple moving average of $1,662.46 and a two-hundred day simple moving average of $1,721.84. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $58.94 billion, a price-to-earnings ratio of 41.23 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced 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 return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 earnings per share. The business’s revenue was up 50.3% compared to the same quarter last year. On average, research analysts expect that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is presently 8.85%.

Insiders Place Their Bets

In other news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 26,078 shares of company stock valued at $43,211,828. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on FIX. UBS Group restated a “buy” rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday. KeyCorp upped their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, DA Davidson started coverage on Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $2,082.86.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.