Credit Agricole S A Lowers Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Credit Agricole S A has reduced its holdings in Comfort Systems USA, Inc. by 5.8%, holding a total of 24,448 shares worth approximately $7.88 million.
• Comfort Systems USA reported a 20.1% increase in revenue for the quarter to $2.17 billion, exceeding analysts' expectations, and posted an EPS of $6.53, significantly higher than the consensus estimate of $4.84.
• The company has increased its quarterly dividend from $0.45 to $0.50, with a dividend yield of 0.3%, set to be paid on August 25th.

Credit Agricole S A trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,448 shares of the construction company's stock after selling 1,500 shares during the quarter. Credit Agricole S A owned 0.07% of Comfort Systems USA worth $7,880,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FIX. GAMMA Investing LLC lifted its holdings in shares of Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 shares during the period. Nuveen LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter worth $74,634,000. Voya Investment Management LLC lifted its holdings in shares of Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares during the period. Bain Capital Public Equity Management II LLC lifted its holdings in shares of Comfort Systems USA by 307.2% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after buying an additional 155,204 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of Comfort Systems USA by 147.4% in the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock worth $80,015,000 after buying an additional 147,885 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 1.9%

Comfort Systems USA stock opened at $693.78 on Friday. The stock has a 50-day moving average of $594.30 and a two-hundred day moving average of $464.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $733.24. The stock has a market cap of $24.48 billion, a PE ratio of 35.65 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the business posted $3.74 earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. UBS Group upped their target price on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $635.60.

Insider Buying and Selling

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the transaction, the insider directly owned 188,046 shares in the company, valued at $130,078,940.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock valued at $20,932,366 in the last 90 days. 1.59% of the stock is owned by insiders.

Comfort Systems USA Company 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.

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