Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in Comfort Systems USA, Inc. $FIX

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 31.8% during the first quarter, HoldingsChannel.com reports. The fund owned 15,400 shares of the construction company’s stock after acquiring an additional 3,720 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Comfort Systems USA were worth $21,236,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after buying an additional 993 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Comfort Systems USA during the second quarter worth about $567,000. Finally, Sei Investments Co. boosted its position in Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after acquiring an additional 17,839 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FIX. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. UBS Group upped their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Erste Group Bank started coverage on Comfort Systems USA in a research report on Friday, June 5th. They issued a “buy” rating for the company. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $1,991.50.

Comfort Systems USA Trading Down 0.0%

Shares of FIX opened at $1,741.16 on Friday. 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 market capitalization of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. The firm has a 50-day moving average price of $1,884.63 and a 200 day moving average price of $1,485.52. 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 issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company 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%. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.75 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rhoman J. Hardy sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Company 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.