SEB Asset Management AB Acquires Shares of 16,479 Comfort Systems USA, Inc. $FIX

SEB Asset Management AB bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, Holdings Channel reports. The institutional investor bought 16,479 shares of the construction company’s stock, valued at approximately $22,724,000.

Several other hedge funds have also made changes to their positions in the business. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA during the 4th quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. lifted its position in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after acquiring an additional 9 shares during the period. JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. Finally, ORG Partners LLC lifted its position in Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,667.28 on Monday. Comfort Systems USA, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The stock’s 50 day moving average is $1,861.34 and its two-hundred day moving average is $1,544.34. The firm has a market capitalization of $58.69 billion, a PE ratio of 48.10 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.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.75 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 4,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares in the company, valued at $65,855,938.68. The trade was a 10.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last three months. 1.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. UBS Group lifted their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,015.43.

Comfort Systems USA Company 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.