KBC Group NV Buys 150 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

KBC Group NV increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,003 shares of the construction company’s stock after acquiring an additional 150 shares during the quarter. KBC Group NV’s holdings in Comfort Systems USA were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FIX. Capital World Investors boosted its stake in shares of Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock valued at $684,254,000 after purchasing an additional 451,852 shares during the last quarter. Millennium Management LLC boosted its position in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Blackstone Inc. acquired a new stake in Comfort Systems USA during the 1st quarter worth about $41,302,000. Swedbank AB bought a new position in shares of Comfort Systems USA in the 1st quarter worth about $31,771,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $29,743,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on FIX shares. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price for the company. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $396.00 to $525.00 in a research note on Tuesday. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $466.33.

Comfort Systems USA Trading Up 5.2 %

Shares of Comfort Systems USA stock opened at $474.34 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $474.73. The stock has a 50 day moving average price of $401.57 and a two-hundred day moving average price of $349.45. The stock has a market capitalization of $16.88 billion, a PE ratio of 36.29 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares in the company, valued at $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,746 shares of company stock worth $14,684,140. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Company Profile

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.