BNP Paribas Financial Markets Purchases 28,041 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

BNP Paribas Financial Markets increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 106.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,456 shares of the construction company’s stock after purchasing an additional 28,041 shares during the period. BNP Paribas Financial Markets owned 0.15% of Comfort Systems USA worth $23,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Consolidated Planning Corp increased its stake in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after acquiring an additional 1,573 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. BOCHK Asset Management Ltd purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $509,000. HB Wealth Management LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $292,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,670 shares of the construction company’s stock worth $1,042,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FIX shares. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. DA Davidson upped their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Stifel Nicolaus dropped their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average price target of $517.60.

Insiders Place Their Bets

In other news, Director Vance W. Tang sold 500 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. The trade was a 9.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 1,800 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares of the company’s stock, valued at $3,155,619.60. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,300 shares of company stock valued at $8,765,860. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $435.86 on Friday. The firm’s 50-day moving average price is $357.21 and its 200-day moving average price is $412.60. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a market cap of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48. 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 (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for 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 firm’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company posted $2.69 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.41%. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

Comfort Systems USA 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.