KBC Group NV Acquires 150 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

KBC Group NV boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,003 shares of the construction company’s stock after buying an additional 150 shares during the quarter. KBC Group NV’s holdings in Comfort Systems USA were worth $392,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after acquiring an additional 26,616 shares during the period. Entropy Technologies LP bought a new position in Comfort Systems USA during the third quarter valued at $1,484,000. Cetera Advisors LLC purchased a new stake in Comfort Systems USA in the first quarter worth $971,000. WCM Investment Management LLC raised its stake in shares of Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after buying an additional 14,090 shares during the period. Finally, Schwartz Investment Counsel Inc. purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at $1,327,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 5.2 %

Shares of Comfort Systems USA stock opened at $474.34 on Wednesday. The company has a 50 day simple moving average of $401.57 and a two-hundred day simple moving average of $349.45. The firm has a market cap of $16.88 billion, a PE ratio of 36.29 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $474.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. Analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. Comfort Systems USA’s dividend payout ratio is 10.71%.

Analyst Ratings Changes

FIX has been the subject of several recent research reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Finally, UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $396.00 to $525.00 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus price target of $466.33.

Insider Activity at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,746 shares of company stock valued at $14,684,140. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.