1,779 Shares in Comfort Systems USA, Inc. $FIX Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,779 shares of the construction company’s stock, valued at approximately $1,681,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares during the period. Geode Capital Management LLC raised its position in shares of Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock worth $1,103,453,000 after buying an additional 332,441 shares during the period. Invesco Ltd. raised its position in shares of Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock worth $878,454,000 after buying an additional 73,727 shares during the period. AQR Capital Management LLC raised its position in shares of Comfort Systems USA by 6.8% in the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after purchasing an additional 197,613 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 1.5%

Shares of Comfort Systems USA stock opened at $1,827.41 on Friday. The business has a 50-day moving average of $1,692.34 and a 200-day moving average of $1,322.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The company has a market capitalization of $64.32 billion, a PE ratio of 52.72 and a beta of 1.70. Comfort Systems USA, Inc. has a 1-year low of $465.05 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue was up 56.5% on a year-over-year basis. During the same period last year, the firm earned $4.75 earnings per share. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on FIX. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. UBS Group raised their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Finally, DA Davidson raised their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Insider Activity at Comfort Systems USA

In other news, Director Franklin Myers sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the completion of the sale, the director directly owned 68,983 shares in the company, valued at $131,244,986.31. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares of the company’s stock, valued at $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 29,694 shares of company stock valued at $54,374,425. 1.24% of the stock is currently owned by insiders.

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.