ASR Vermogensbeheer N.V. Takes $2.61 Million Position in Comfort Systems USA, Inc. $FIX

Key Points

• ASR Vermogensbeheer N.V. opened a new position in Comfort Systems USA, buying 2,800 shares valued at about $2.61 million in the fourth quarter.
• Comfort Systems USA posted a strong quarterly report, with EPS of $10.51 versus $6.81 expected and revenue of $2.87 billion, up 56.5% year over year.
• The company raised its quarterly dividend to $0.80 per share from $0.70, while analysts remain broadly positive with a Moderate Buy consensus and an average price target of $1,923.20.

ASR Vermogensbeheer N.V. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,800 shares of the construction company's stock, valued at approximately $2,613,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock worth $41,000 after buying an additional 10 shares during the period. West Michigan Advisors LLC boosted its holdings in Comfort Systems USA by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 768 shares of the construction company's stock worth $717,000 after purchasing an additional 10 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Comfort Systems USA by 4.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 283 shares of the construction company's stock worth $264,000 after purchasing an additional 11 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Comfort Systems USA by 1.0% during the third quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company's stock worth $1,036,000 after purchasing an additional 13 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in Comfort Systems USA by 0.9% during the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company's stock worth $1,220,000 after purchasing an additional 13 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the subject of several recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Wall Street Zen cut Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday. KeyCorp raised Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target for the company in a research report on Friday, April 24th. Finally, Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $1,923.20.

Comfort Systems USA Stock Performance

FIX opened at $1,950.66 on Monday. Comfort Systems USA, Inc. has a 12-month low of $430.79 and a 12-month high of $2,018.05. The stock has a market cap of $68.66 billion, a price-to-earnings ratio of 56.28 and a beta of 1.70. The business has a 50 day moving average of $1,529.16 and a 200-day moving average of $1,215.34. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same period last year, the firm posted $4.75 earnings per share. The business's revenue was up 56.5% on a year-over-year basis. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's dividend payout ratio is 8.08%.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 11,113 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the sale, the insider owned 161,089 shares in the company, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total value of $889,890.00. Following the sale, the director directly owned 3,000 shares of the company's stock, valued at approximately $5,339,340. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,901 shares of company stock worth $87,618,330 in the last quarter. 1.24% of the stock is owned by corporate 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.

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