Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by KBC Group NV

KBC Group NV raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,543 shares of the construction company’s stock after purchasing an additional 52 shares during the quarter. KBC Group NV’s holdings in Comfort Systems USA were worth $497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Colonial Trust Co SC increased its position in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc increased its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after purchasing an additional 72 shares during the last quarter. Johnson Financial Group Inc. grew its stake in Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock worth $45,000 after buying an additional 59 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock worth $48,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $558.80.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares of the company’s stock, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director directly owned 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock valued at $18,696,795 over the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $540.57 on Friday. The company has a market capitalization of $19.07 billion, a PE ratio of 32.43 and a beta of 1.51. The firm has a fifty day simple moving average of $479.46 and a 200-day simple moving average of $423.82. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.33%. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.