Swiss Life Asset Management Ltd Buys 716 Shares of Comfort Systems USA, Inc. $FIX

Swiss Life Asset Management Ltd boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 78.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,633 shares of the construction company’s stock after purchasing an additional 716 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Comfort Systems USA were worth $1,348,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Comfort Systems USA during the 2nd quarter worth about $256,998,000. AQR Capital Management LLC lifted its stake in shares of Comfort Systems USA by 47.5% in the second quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after buying an additional 252,007 shares during the period. JPMorgan Chase & Co. grew its position in Comfort Systems USA by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after buying an additional 197,613 shares in the last quarter. AMF Tjanstepension AB bought a new position in Comfort Systems USA during the third quarter valued at about $156,183,000. Finally, Third Point LLC bought a new position in Comfort Systems USA during the second quarter valued at about $99,199,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on FIX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. UBS Group restated a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,573.67.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,412.42 on Tuesday. The business’s fifty day moving average price is $1,289.25 and its two-hundred day moving average price is $1,038.42. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The stock has a market capitalization of $49.67 billion, a price-to-earnings ratio of 48.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping the consensus estimate of $6.75 by $2.62. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 EPS. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th were paid a dividend of $0.70 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. Comfort Systems USA’s payout ratio is currently 9.69%.

Insider Activity

In related news, Director William J. Sandbrook sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the sale, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. This trade represents a 21.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Terrence Reed sold 1,116 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the transaction, the senior vice president directly owned 2,834 shares in the company, valued at approximately $3,960,033.22. This represents a 28.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA 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.