Comfort Systems USA, Inc. $FIX Stake Lessened by Norden Group LLC

Norden Group LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 27.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,057 shares of the construction company’s stock after selling 395 shares during the period. Norden Group LLC’s holdings in Comfort Systems USA were worth $987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. World Equity Group Inc. raised its position in Comfort Systems USA by 18.0% during the fourth quarter. World Equity Group Inc. now owns 432 shares of the construction company’s stock valued at $403,000 after buying an additional 66 shares during the period. Czech National Bank acquired a new stake in Comfort Systems USA during the 4th quarter worth about $8,640,000. DAVENPORT & Co LLC grew its stake in Comfort Systems USA by 15.7% during the 4th quarter. DAVENPORT & Co LLC now owns 553 shares of the construction company’s stock valued at $516,000 after acquiring an additional 75 shares in the last quarter. JGP Wealth Management LLC grew its stake in Comfort Systems USA by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 9,370 shares of the construction company’s stock valued at $8,745,000 after acquiring an additional 113 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at about $5,519,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 0.6%

Shares of NYSE FIX opened at $1,367.28 on Friday. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 47.31 and a beta of 1.63. The business has a 50 day simple moving average of $1,315.57 and a 200 day simple moving average of $1,053.39. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm 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 company’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.09 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders 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. The ex-dividend date was Friday, March 6th. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director William J. Sandbrook sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the sale, the director directly owned 9,166 shares in the company, valued at approximately $13,229,471.12. The trade was a 21.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total transaction of $12,717,028.16. Following the completion of the sale, the director owned 73,995 shares of the company’s stock, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,288 shares of company stock worth $53,677,038 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FIX. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a report on Monday, February 23rd. UBS Group reiterated a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research report on Monday, February 2nd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. DA Davidson boosted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $1,573.67.

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.