7,800 Shares in Comfort Systems USA, Inc. $FIX Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,800 shares of the construction company’s stock, valued at approximately $15,459,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA during the second quarter worth approximately $6,734,037,000. State Street Corp raised its stake in Comfort Systems USA by 35.6% in the 4th quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC raised its stake in Comfort Systems USA by 39.0% in the 4th quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIX. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. KeyCorp boosted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $2,082.86.

Comfort Systems USA Trading Up 0.2%

Shares of FIX stock opened at $1,658.28 on Monday. The company’s 50-day moving average price is $1,783.64 and its 200-day moving average price is $1,658.46. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a market cap of $58.35 billion, a price-to-earnings ratio of 40.78 and a beta of 1.69. Comfort Systems USA, Inc. has a twelve month low of $670.19 and a twelve month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.53 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Insider Activity

In related news, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 17,096 shares of company stock valued at $31,186,647. 1.24% of the stock is currently owned by company 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.