Danske Bank A S Grows Stock Position in Comfort Systems USA, Inc. $FIX

Key Points

• Danske Bank A S boosted its stake in Comfort Systems USA by 21.5% in Q4, buying 5,266 shares to hold 29,801 shares worth about $27.8 million (roughly 0.08% of the company).
• Comfort Systems reported strong quarterly results—EPS $10.51 vs. $6.81 expected and revenue of $2.87 billion (up 56.5% year-over-year)—and trades with a market cap of ~$65.9 billion; analysts have a consensus "Moderate Buy" with an average target near $1,923.
• The company raised its quarterly dividend to $0.80 ($3.20 annualized, 0.2% yield, ex-dividend May 15), even as insiders sold about 39,288 shares (~$57.2 million) over the past three months.

Danske Bank A S boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 21.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,801 shares of the construction company's stock after buying an additional 5,266 shares during the quarter. Danske Bank A S owned approximately 0.08% of Comfort Systems USA worth $27,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. boosted its stake in Comfort Systems USA by 100.0% during 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 during the period. Eastern Bank bought a new stake in Comfort Systems USA during the third quarter valued at $31,000. JFS Wealth Advisors LLC boosted its stake 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 valued at $41,000 after buying an additional 10 shares during the period. Finally, ORG Partners LLC boosted its stake in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company's stock valued at $41,000 after buying an additional 17 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 1.7%

Shares of NYSE:FIX opened at $1,870.95 on Friday. Comfort Systems USA, Inc. has a 1 year low of $420.88 and a 1 year high of $1,877.35. The company has a market cap of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The stock's 50-day moving average is $1,497.63 and its 200 day moving average is $1,188.75.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the business earned $4.75 EPS. Comfort Systems USA's revenue was up 56.5% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.80 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. 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%. Comfort Systems USA's dividend payout ratio (DPR) is currently 8.08%.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the transaction, the insider owned 171,523 shares in the company, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. This trade represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,288 shares of company stock worth $57,165,933. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FIX shares. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. DA Davidson lifted their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. UBS Group lifted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,923.20.

About Comfort Systems USA

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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