Hsbc Holdings PLC Has $55.48 Million Holdings in Comfort Systems USA, Inc. $FIX

Hsbc Holdings PLC boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 754.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,321 shares of the construction company’s stock after purchasing 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its holdings in Comfort Systems USA by 29.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after buying an additional 9 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock valued at $291,000 after acquiring an additional 9 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. West Michigan Advisors LLC raised its position in shares of Comfort Systems USA by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 768 shares of the construction company’s stock valued at $717,000 after acquiring an additional 10 shares during the period. Finally, EWA LLC raised its position in shares of Comfort Systems USA by 2.7% in the 4th quarter. EWA LLC now owns 379 shares of the construction company’s stock valued at $353,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares in the company, valued at $13,282,648.22. This represents a 16.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently 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 price objective for the company in a report on Friday, April 24th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. UBS Group increased their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,991.50.

Comfort Systems USA Trading Down 0.0%

NYSE FIX opened at $1,741.16 on Monday. Comfort Systems USA, Inc. has a one year low of $513.99 and a one year high of $2,073.99. 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 has a market cap of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. The stock’s 50-day moving average is $1,884.63 and its 200-day moving average is $1,489.17.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the firm earned $4.75 EPS. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 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 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

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.