Resona Asset Management Co. Ltd. Makes New $10.05 Million Investment in Comfort Systems USA, Inc. $FIX

Resona Asset Management Co. Ltd. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,738 shares of the construction company’s stock, valued at approximately $10,054,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its holdings in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings 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 in the last quarter. JFS Wealth Advisors LLC grew its holdings 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 in the last quarter. ORG Partners LLC grew its holdings 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 in the last quarter. Finally, Financial Life Planners bought a new position in Comfort Systems USA during the 3rd quarter worth about $42,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FIX shares. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a report on Friday, April 24th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Glj Research started coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,923.20.

Comfort Systems USA Stock Performance

FIX stock opened at $1,835.96 on Friday. The firm has a market cap of $64.63 billion, a price-to-earnings ratio of 52.97 and a beta of 1.70. The firm has a 50-day simple moving average of $1,638.55 and a two-hundred day simple moving average of $1,287.55. Comfort Systems USA, Inc. has a one year low of $452.04 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly 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 company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.75 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change 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%. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 500 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the completion of the sale, the director directly owned 3,000 shares of the company’s stock, valued at approximately $5,339,340. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 4,500 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total transaction of $8,561,565.00. Following the sale, the director directly owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was 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 quarter, insiders sold 61,024 shares of company stock valued at $99,678,386. 1.24% of the stock is currently owned by corporate insiders.

About Comfort Systems USA

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.