Sumitomo Mitsui DS Asset Management Company Ltd Buys Shares of 13,800 Comfort Systems USA, Inc. $FIX

Key Points

• Sumitomo Mitsui DS Asset Management opened a new position in Comfort Systems USA, purchasing 13,800 shares in Q4 valued at about $12.88 million.
• Comfort Systems delivered a strong quarter, reporting EPS $10.51 vs. $6.81 expected and revenue of $2.87 billion (up 56.5% YoY), and the company raised its quarterly dividend to $0.80 ($3.20 annualized).
• Institutional investors own 96.51% of the stock — Vanguard holds 4.31 million shares (~$4.02 billion) — while insiders sold roughly 50,401 shares worth about $79.1 million in the last quarter.

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,800 shares of the construction company's stock, valued at approximately $12,879,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock valued at $4,022,597,000 after buying an additional 625,567 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company's stock worth $606,117,000 after buying an additional 197,613 shares during the last quarter. AMF Tjanstepension AB bought a new position in Comfort Systems USA during the third quarter valued at approximately $156,183,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Comfort Systems USA by 1,189.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company's stock valued at $79,525,000 after acquiring an additional 136,807 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company's stock valued at $423,529,000 after acquiring an additional 117,892 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $2,010.22 on Thursday. The stock has a 50 day moving average of $1,519.76 and a two-hundred day moving average of $1,207.50. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 12 month low of $422.53 and a 12 month high of $2,018.05. The company has a market capitalization of $70.76 billion, a P/E ratio of 58.00 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.75 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 43.42 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be issued a $0.80 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is presently 8.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. KeyCorp upgraded shares of Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price objective for the company. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Finally, UBS Group boosted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,923.20.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 11,113 shares of the company's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider owned 161,089 shares of the company's stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares of the company's stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 50,401 shares of company stock worth $79,056,765. Insiders own 1.24% of the company's stock.

Comfort Systems USA Profile

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.