BI Asset Management Fondsmaeglerselskab A S Has $13.44 Million Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Comfort Systems USA, Inc. by 10.1% during Q1, owning approximately 0.12% of the company valued at $13.4 million.
• Multiple hedge funds, including Canada Pension Plan Investment Board, have significantly raised their holdings in Comfort Systems USA, contributing to the institutional ownership reaching 96.51%.
• The company has reported strong quarterly earnings, achieving $6.53 EPS, exceeding estimates, and announced an increase in its dividend from $0.45 to $0.50 per share.

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,690 shares of the construction company's stock after purchasing an additional 3,831 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.12% of Comfort Systems USA worth $13,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Comfort Systems USA by 13.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after buying an additional 296 shares during the period. Farther Finance Advisors LLC grew its position in shares of Comfort Systems USA by 27.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after buying an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Comfort Systems USA by 97.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after buying an additional 3,644 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Comfort Systems USA by 256.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after buying an additional 1,467 shares during the period. Finally, Spire Wealth Management grew its position in shares of Comfort Systems USA by 9.8% during the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after buying an additional 90 shares during the period. 96.51% of the stock is owned by institutional investors.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares of the company's stock, valued at $11,288,203.50. This represents a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Stock Down 0.7%

Shares of FIX traded down $4.7380 on Friday, hitting $689.2620. The company's stock had a trading volume of 525,671 shares, compared to its average volume of 467,026. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $598.23 and its 200-day moving average price is $466.79. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.42 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the firm earned $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's payout ratio is currently 10.28%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group boosted their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. DA Davidson boosted their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and a consensus target price of $635.60.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.