16,843 Shares in Comfort Systems USA, Inc. $FIX Purchased by Nykredit A S

Key Points

• Nykredit A/S purchased 16,843 shares of Comfort Systems USA worth approximately $33.4 million, while institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with earnings of $12.53 per share exceeding estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion.
• The company increased its quarterly dividend to $0.90 per share, while analysts maintain a consensus “Buy” rating and an average price target of $2,082.86.

Nykredit A S purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,843 shares of the construction company's stock, valued at approximately $33,382,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signature Equity Partners LLC grew its stake in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock valued at $48,000 after purchasing an additional 5 shares during the last quarter. Capital Advisors Inc. OK increased its holdings in shares of Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock valued at $636,000 after purchasing an additional 6 shares during the period. Coston McIsaac & Partners raised its stake in shares of Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after purchasing an additional 7 shares during the last quarter. Petra Financial Advisors Inc. raised its stake in shares of Comfort Systems USA by 0.7% during the first quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company's stock worth $1,489,000 after purchasing an additional 7 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock worth $36,000 after purchasing an additional 7 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian Lane sold 16,024 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares of the company's stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,778 shares of company stock valued at $56,306,777 in the last ninety days. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Up 1.2%

FIX opened at $1,579.42 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 business has a 50 day simple moving average of $1,713.31 and a 200-day simple moving average of $1,679.13. The stock has a market capitalization of $55.58 billion, a P/E ratio of 38.84 and a beta of 1.67. Comfort Systems USA, Inc. has a 12 month low of $682.00 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping 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 quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.53 earnings per share. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 13th. 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIX. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price objective on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note on Monday, July 27th. 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. Finally, KeyCorp lifted their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a report on Monday, July 27th. One 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 stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and an average price target of $2,082.86.

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.

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