Nomura Holdings Inc. Buys New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Nomura Holdings Inc. bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,708 shares of the construction company's stock, valued at approximately $1,996,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management lifted its position in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after purchasing an additional 29 shares during the period. Private Trust Co. NA lifted its position in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the period. Trust Point Inc. lifted its position in Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after purchasing an additional 32 shares during the period. Finally, Savant Capital LLC lifted its position in Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock valued at $1,739,000 after purchasing an additional 33 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 2.1%

FIX stock opened at $472.90 on Friday. The stock has a market capitalization of $16.68 billion, a P/E ratio of 32.37 and a beta of 1.48. The firm has a 50-day simple moving average of $370.85 and a 200-day simple moving average of $414.95. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping 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 net margin of 7.43% and a return on equity of 35.28%. The company's quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 earnings per share. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIX. Stifel Nicolaus cut their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. DA Davidson lifted their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $517.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares of the company's stock, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Darcy Anderson sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $1,294,980.00. Following the completion of the transaction, the director now directly owns 34,193 shares in the company, valued at $14,759,750.38. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock valued at $14,642,235 over the last 90 days. Corporate insiders own 1.59% of the company's stock.

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.

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