14,709 Shares in Comfort Systems USA, Inc. $FIX Bought by Nykredit A S

Key Points

• Nykredit A S acquired 14,709 shares of Comfort Systems USA worth approximately $29.2 million, while institutional investors and hedge funds collectively own 96.51% of the company.
• Insiders have sold 32,778 shares valued at roughly $56.3 million over the past 90 days, including sizable sales by the CFO and a director.
• Analysts maintain a favorable outlook with an average “Buy” rating and a $2,082.86 price target. Recent quarterly results exceeded expectations, with revenue rising 50.3% year over year, and the company increased its quarterly dividend to $0.90 per share.

Nykredit A S acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 14,709 shares of the construction company's stock, valued at approximately $29,153,000.

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Comfort Systems USA in the second quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at approximately $28,000. Avalon Trust Co acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Field & Main Bank acquired a new position in Comfort Systems USA during the 2nd quarter worth approximately $32,000. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after buying an additional 7 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George, III sold 2,554 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares of the company's stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Franklin Myers sold 6,700 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. Corporate insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIX. KeyCorp lifted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 target price on the stock. Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 price target on the stock. Finally, Weiss Ratings cut shares of Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and an average price target of $2,082.86.

Comfort Systems USA Trading Up 4.7%

Shares of FIX opened at $1,647.23 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $1,671.46 and a 200-day simple moving average of $1,693.30. Comfort Systems USA, Inc. has a 1-year low of $757.00 and a 1-year high of $2,073.99. The stock has a market cap of $57.97 billion, a price-to-earnings ratio of 40.51 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA's revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is presently 8.85%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.

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