BI Asset Management Fondsmaeglerselskab A S Purchases 7,303 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Comfort Systems USA by 228.1% in the fourth quarter, buying 7,303 additional shares and bringing its total holding to 10,504 shares worth about $9.8 million.
• Analyst sentiment on NYSE:FIX remains upbeat, with multiple firms issuing buy ratings and a consensus Buy rating alongside a price target of about $1,969.33.
• Comfort Systems USA posted strong quarterly results, beating EPS and revenue estimates, but insiders have recently sold shares and the stock was down 3.8% in recent trading.

BI Asset Management Fondsmaeglerselskab A S lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 228.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,504 shares of the construction company's stock after buying an additional 7,303 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Comfort Systems USA were worth $9,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. grew its stake in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after buying an additional 15 shares in the last quarter. Core Wealth Advisors LLC bought a new position in Comfort Systems USA during the fourth quarter worth $28,000. Farmers & Merchants Investments Inc. boosted its position in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company's stock worth $37,000 after purchasing an additional 9 shares during the period. JFS Wealth Advisors LLC boosted its position in 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 purchasing an additional 10 shares during the period. Finally, ORG Partners LLC boosted its position in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock worth $41,000 after purchasing an additional 17 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIX. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. UBS Group lifted their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Glj Research began coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a "buy" rating and a $2,001.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Finally, Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $1,969.33.

Insiders Place Their Bets

In related news, CFO William George III sold 4,000 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the transaction, the chief financial officer owned 33,804 shares of the company's stock, valued at $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Julie Shaeff sold 1,123 shares of the business's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer directly owned 12,624 shares of the company's stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,078 shares of company stock valued at $46,651,175 over the last 90 days. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Stock Down 3.8%

FIX opened at $1,841.59 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $469.16 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a market capitalization of $64.82 billion, a P/E ratio of 53.13 and a beta of 1.65. The stock has a fifty day moving average of $1,735.08 and a 200-day moving average of $1,354.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping 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 the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $4.75 earnings per share. The company's revenue was up 56.5% on a year-over-year basis. On average, equities analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA's payout ratio is presently 9.23%.

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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