Handelsbanken Fonder AB Buys 107,000 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Handelsbanken Fonder AB raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1,171.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,137 shares of the construction company's stock after acquiring an additional 107,000 shares during the period. Handelsbanken Fonder AB owned approximately 0.33% of Comfort Systems USA worth $37,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after purchasing an additional 67,240 shares during the last quarter. FMR LLC lifted its holdings in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after buying an additional 148,493 shares during the period. Geode Capital Management LLC boosted its stake in shares of Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth about $217,771,000. Finally, Federated Hermes Inc. raised its position in Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after acquiring an additional 51,771 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,800 shares of company stock valued at $18,696,795. Company insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the topic of a number of analyst reports. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. DA Davidson raised their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Trading Up 0.5%

Shares of NYSE FIX traded up $2.31 during midday trading on Thursday, reaching $499.01. 52,394 shares of the stock were exchanged, compared to its average volume of 436,172. The stock has a market capitalization of $17.60 billion, a P/E ratio of 34.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a 50 day simple moving average of $422.63 and a 200 day simple moving average of $420.07. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company's revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

About Comfort Systems USA

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.