Comfort Systems USA, Inc. $FIX Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its Comfort Systems USA stake by 21.6% in the second quarter, selling 3,030 shares and retaining 10,983 shares worth approximately $21.8 million. Institutional investors and hedge funds collectively own 96.51% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $2,082.86, despite one downgrade to “Hold.” Comfort Systems USA recently exceeded quarterly earnings and revenue expectations, with revenue rising 50.3% year over year.
• FIX shares fell 1.0% to $1,616.70, while company insiders sold 32,778 shares worth $56.3 million during the latest quarter. The company also raised its quarterly dividend to $0.90 per share, a 12.5% increase.

Andra AP fonden trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,983 shares of the construction company's stock after selling 3,030 shares during the period. Andra AP fonden's holdings in Comfort Systems USA were worth $21,768,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $6,734,037,000. Geode Capital Management LLC lifted its stake in Comfort Systems USA by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company's stock worth $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Amundi boosted its position in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company's stock worth $580,521,000 after buying an additional 156,069 shares during the period. Value Aligned Research Advisors LLC boosted its position in shares of Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock worth $482,817,000 after buying an additional 29,970 shares during the period. Finally, Norges Bank acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at $469,606,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. KeyCorp lifted their target price on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Weiss Ratings cut shares of Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 11th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price objective for the company. Finally, DA Davidson began coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $2,082.86.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company's stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,778 shares of company stock valued at $56,306,777 over the last quarter. 1.24% of the stock is owned by insiders.

Comfort Systems USA Stock Down 1.0%

FIX stock traded down $15.88 during mid-day trading on Tuesday, reaching $1,616.70. The company had a trading volume of 117,151 shares, compared to its average volume of 440,239. The firm has a fifty day simple moving average of $1,669.44 and a 200 day simple moving average of $1,696.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $56.90 billion, a price-to-earnings ratio of 39.80 and a beta of 1.67. Comfort Systems USA, Inc. has a fifty-two week low of $757.00 and a fifty-two week high of $2,073.99.

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

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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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