Comfort Systems USA, Inc. $FIX Position Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 754.5% during the 4th quarter, Holdings Channel reports. The fund owned 59,321 shares of the construction company’s stock after acquiring an additional 52,379 shares during the quarter. Hsbc Holdings PLC’s holdings in Comfort Systems USA were worth $55,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SHP Wealth Management bought a new position in shares of Comfort Systems USA in the fourth quarter worth $49,000. Reflection Asset Management acquired a new stake in Comfort Systems USA in the fourth quarter worth about $61,000. Tobam acquired a new stake in Comfort Systems USA in the fourth quarter worth about $755,000. Banque Transatlantique SA bought a new position in Comfort Systems USA in the 4th quarter valued at about $529,000. Finally, Mariner Investment Group LLC bought a new position in Comfort Systems USA in the 4th quarter valued at about $1,867,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $2,068.93 on Tuesday. 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 firm’s 50 day moving average is $1,841.87 and its 200-day moving average is $1,432.07. Comfort Systems USA, Inc. has a 12-month low of $489.98 and a 12-month high of $2,073.99. The stock has a market capitalization of $72.83 billion, a P/E ratio of 59.69 and a beta of 1.66.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a $0.80 dividend. This is an increase 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 of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Analyst Ratings Changes

FIX has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. UBS Group increased 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 report on Monday, June 8th. Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $1,991.50.

Insider Activity at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the transaction, the director directly owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 4,500 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by corporate insiders.

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.