Comfort Systems USA, Inc. $FIX Shares Purchased by Saudi Central Bank

Saudi Central Bank grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 89.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,463 shares of the construction company’s stock after purchasing an additional 1,161 shares during the quarter. Saudi Central Bank’s holdings in Comfort Systems USA were worth $4,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FIX. Prudential PLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $6,922,000. Ethic Inc. lifted its stake in shares of Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after purchasing an additional 39,888 shares during the last quarter. Simplicity Wealth LLC purchased a new position in Comfort Systems USA in the second quarter valued at about $601,000. Finally, Swiss Life Asset Management Ltd grew its stake in Comfort Systems USA by 713.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock valued at $12,392,000 after purchasing an additional 11,645 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,611.87 on Monday. The business’s fifty day moving average price is $1,708.39 and its 200 day moving average price is $1,681.05. Comfort Systems USA, Inc. has a 12-month low of $682.00 and a 12-month high of $2,073.99. The stock has a market capitalization of $56.72 billion, a PE ratio of 39.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the firm posted $6.53 EPS. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Activity

In other news, CFO William George, III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Lane sold 16,024 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is currently owned by insiders.

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.