Comfort Systems USA, Inc. $FIX Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 193.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,905 shares of the construction company’s stock after purchasing an additional 3,236 shares during the quarter. Fifth Third Bancorp’s holdings in Comfort Systems USA were worth $6,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sovran Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $170,000. Simplicity Wealth LLC purchased a new position in Comfort Systems USA in the first quarter worth $257,000. Avid Wealth Partners LLC purchased a new position in Comfort Systems USA in the first quarter worth $234,000. Hsbc Holdings PLC lifted its holdings in Comfort Systems USA by 14.9% in the first quarter. Hsbc Holdings PLC now owns 68,152 shares of the construction company’s stock valued at $93,576,000 after acquiring an additional 8,831 shares during the period. Finally, Accredited Investors Inc. acquired a new stake in Comfort Systems USA in the first quarter valued at $214,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $1,681.50 on Friday. The company has a market cap of $59.19 billion, a PE ratio of 48.51 and a beta of 1.66. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $1,867.00 and a two-hundred day moving average price of $1,539.29. Comfort Systems USA, Inc. has a 12-month low of $513.99 and a 12-month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for 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 quarterly revenue was up 56.5% compared to the same quarter last year. During the same period last year, the business posted $4.75 EPS. As a group, research analysts predict 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. Investors of record on Friday, May 15th were issued a $0.80 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is 9.23%.

Insider Activity

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares of the company’s stock, valued at $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. This represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,778 shares of company stock valued at $59,746,124 over the last quarter. 1.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on FIX shares. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective on the stock. Oppenheimer initiated coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. UBS Group increased their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,015.43.

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.