Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 2,275.0% during the first quarter, Holdings Channel reports. The firm owned 2,660 shares of the construction company’s stock after purchasing an additional 2,548 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Comfort Systems USA were worth $857,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC raised its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Versant Capital Management Inc grew its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after buying an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock valued at $34,000 after buying an additional 37 shares during the last quarter. Colonial Trust Co SC grew its stake in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC grew its stake in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after buying an additional 62 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.
Insider Buying and Selling at Comfort Systems USA
In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider directly owned 198,046 shares of the company’s stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 in the last 90 days. 1.59% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Stock Performance
NYSE FIX opened at $688.31 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of 35.37 and a beta of 1.51. The company’s fifty day moving average is $523.41 and its two-hundred day moving average is $439.19. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $709.40.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $3.74 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Thursday, August 14th. Comfort Systems USA’s payout ratio is 9.25%.
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.
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