BNP Paribas Financial Markets Acquires 39,888 Shares of Comfort Systems USA, Inc. $FIX

BNP Paribas Financial Markets raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 230.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,199 shares of the construction company’s stock after buying an additional 39,888 shares during the period. BNP Paribas Financial Markets’ holdings in Comfort Systems USA were worth $53,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. grew its holdings in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Comfort Systems USA by 29.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 10 shares during the period. ORG Partners LLC boosted its stake in Comfort Systems USA by 63.0% during the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after buying an additional 17 shares during the period. Finally, Financial Life Planners purchased a new stake in shares of Comfort Systems USA in the third quarter worth approximately $42,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIX. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research report on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Glj Research started coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $1,969.33.

Insider Activity

In other news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by company insiders.

Comfort Systems USA Trading Up 5.5%

Shares of NYSE:FIX opened at $1,885.87 on Wednesday. Comfort Systems USA, Inc. has a 1 year low of $469.16 and a 1 year high of $2,073.99. The firm has a market capitalization of $66.38 billion, a price-to-earnings ratio of 54.41 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business’s 50 day moving average price is $1,699.15 and its 200-day moving average price is $1,330.69.

Comfort Systems USA (NYSE:FIX) last announced its earnings results 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. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm posted $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 43.38 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is presently 9.23%.

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.