Nordea Investment Management AB Has $15.20 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)
Nordea Investment Management AB trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,111 shares of the construction company’s stock after selling 1,581 shares during the quarter. Nordea Investment Management AB owned approximately 0.36% of Comfort Systems USA worth $15,203,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its position in Comfort Systems USA by 0.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 14,721 shares of the construction company’s stock valued at $1,694,000 after acquiring an additional 91 shares during the period. Strs Ohio boosted its stake in shares of Comfort Systems USA by 0.9% in the 4th quarter. Strs Ohio now owns 11,700 shares of the construction company’s stock valued at $1,346,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Comfort Systems USA by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 24,901 shares of the construction company’s stock valued at $2,865,000 after purchasing an additional 119 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Comfort Systems USA by 34.7% in the 3rd quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock valued at $46,000 after purchasing an additional 122 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Comfort Systems USA by 1.6% in the 3rd quarter. Lazard Asset Management LLC now owns 8,591 shares of the construction company’s stock valued at $835,000 after purchasing an additional 137 shares during the last quarter. 94.26% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Stock Performance
FIX opened at $147.92 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $140.31 and its two-hundred day moving average price is $127.34. Comfort Systems USA, Inc. has a 1-year low of $74.14 and a 1-year high of $154.15. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 24.61 and a beta of 1.21.
Comfort Systems USA (NYSE:FIX – Get Rating) last announced its earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.10 billion. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, analysts expect that Comfort Systems USA, Inc. will post 6.79 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 29th. Stockholders of record on Thursday, May 18th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s dividend payout ratio is currently 11.65%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FIX. StockNews.com began coverage on shares of Comfort Systems USA in a research note on Thursday, March 16th. They set a “buy” rating on the stock. DA Davidson upped their price objective on shares of Comfort Systems USA from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 24th.
Insider Activity
In related news, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the completion of the sale, the director now owns 26,297 shares in the company, valued at $3,865,659. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the completion of the transaction, the director now owns 26,297 shares in the company, valued at $3,865,659. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the transaction, the director now owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.
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