Livforsakringsbolaget Skandia Omsesidigt Grows Holdings in Comfort Systems USA, Inc. $FIX

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 741.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,019 shares of the construction company’s stock after purchasing an additional 1,779 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Comfort Systems USA were worth $2,784,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FIX. Sigma Planning Corp raised its holdings in shares of Comfort Systems USA by 57.0% in the first quarter. Sigma Planning Corp now owns 1,361 shares of the construction company’s stock valued at $1,877,000 after buying an additional 494 shares during the last quarter. Cogent Strategic Wealth LLC purchased a new position in shares of Comfort Systems USA during the first quarter worth about $305,000. Calamos Advisors LLC grew its holdings in shares of Comfort Systems USA by 229.9% during the first quarter. Calamos Advisors LLC now owns 6,106 shares of the construction company’s stock worth $8,420,000 after buying an additional 4,255 shares during the last quarter. Legacy Capital Group California Inc. acquired a new position in Comfort Systems USA in the 1st quarter valued at about $832,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Comfort Systems USA in the 1st quarter valued at about $207,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIX. Stifel Nicolaus increased their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,015.43.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,778 shares of company stock worth $59,746,124. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 2.4%

NYSE FIX opened at $1,774.40 on Wednesday. The stock has a market capitalization of $62.46 billion, a P/E ratio of 51.19 and a beta of 1.66. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99. The firm has a 50-day moving average price of $1,877.64 and a 200 day moving average price of $1,528.74. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $4.75 earnings per share. The firm’s revenue was up 56.5% compared to the same quarter last year. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.