PFA Pension Forsikringsaktieselskab Takes Position in Comfort Systems USA, Inc. $FIX

Key Points

• PFA Pension acquired 19,594 shares of Comfort Systems USA (NYSE:FIX) in Q4, a position worth about $18.56 million and roughly 0.06% of the company.
• Insiders have been net sellers: company insiders disposed of 39,288 shares worth about $57.17 million in the past 90 days, including recent director sales by Pablo G. Mercado and Darcy Anderson, leaving insiders with 1.24% ownership.
• Comfort Systems reported a strong quarter—EPS $10.51 vs. $6.81 est. and revenue $2.87B (up 56.5% YoY)—and raised its quarterly dividend to $0.80 ($3.20 annual), while analysts maintain a consensus "Moderate Buy" with an average target near $1,923.20.

PFA Pension Forsikringsaktieselskab acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,594 shares of the construction company's stock, valued at approximately $18,555,000. PFA Pension Forsikringsaktieselskab owned about 0.06% of Comfort Systems USA as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Quent Capital LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. boosted its position in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after purchasing an additional 15 shares during the period. Eastern Bank acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $31,000. JFS Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock valued at $41,000 after purchasing an additional 10 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company's stock valued at $41,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the completion of the sale, the director directly owned 3,000 shares of the company's stock, valued at approximately $5,339,340. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the sale, the director directly owned 18,035 shares of the company's stock, valued at $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,288 shares of company stock worth $57,165,933 in the last ninety days. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Up 0.2%

Comfort Systems USA stock opened at $1,870.95 on Monday. Comfort Systems USA, Inc. has a twelve month low of $420.88 and a twelve month high of $1,877.35. The stock has a 50 day moving average of $1,497.63 and a two-hundred day moving average of $1,191.27. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $65.86 billion, a price-to-earnings ratio of 53.98 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.39 billion. During the same period last year, the firm earned $4.75 EPS. The firm's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 43.42 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's payout ratio is 8.08%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIX shares. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target for the company in a research note on Friday, April 24th. DA Davidson increased their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus price target 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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