3,019 Comfort Systems USA, Inc. $FIX Shares Acquired by Candriam S.C.A.

Candriam S.C.A. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,274 shares of the construction company’s stock after purchasing an additional 3,019 shares during the quarter. Candriam S.C.A.’s holdings in Comfort Systems USA were worth $43,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $6,734,037,000. Amundi lifted its holdings in shares of Comfort Systems USA by 114.1% during the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after acquiring an additional 156,069 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Comfort Systems USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company’s stock worth $385,800,000 after acquiring an additional 14,423 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Comfort Systems USA by 12.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company’s stock worth $348,856,000 after acquiring an additional 28,712 shares in the last quarter. Finally, Value Aligned Research Advisors LLC grew its position in Comfort Systems USA by 14.0% in the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after acquiring an additional 29,970 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 5.2%

FIX stock opened at $1,014.97 on Friday. The company has a market capitalization of $35.51 billion, a PE ratio of 21.91 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15. Comfort Systems USA, Inc. has a one year low of $841.66 and a one year high of $2,073.99. The company’s 50 day moving average price is $1,510.83 and its two-hundred day moving average price is $1,597.49.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating the consensus estimate of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm earned $8.25 EPS. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. As a group, analysts predict that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. This is a drop from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $0.40 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA’s payout ratio is presently 7.77%.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 over the last three months. Company insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FIX shares. Oppenheimer reduced their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Monday, October 26th. DA Davidson set a $1,850.00 price target on Comfort Systems USA in a research note on Monday, October 26th. The Goldman Sachs Group set a $1,875.00 price objective on Comfort Systems USA in a report on Tuesday, October 20th. Stifel Nicolaus set a $1,808.00 price objective on Comfort Systems USA in a research report on Monday, October 26th. Finally, KeyCorp reduced their price objective on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $1,916.14.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses.

Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.