BNP Paribas Financial Markets Has $10.31 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

BNP Paribas Financial Markets lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 15.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,415 shares of the construction company’s stock after selling 4,825 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Comfort Systems USA worth $10,311,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Entropy Technologies LP bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $1,484,000. Cetera Advisors LLC acquired a new stake in Comfort Systems USA in the first quarter worth $971,000. WCM Investment Management LLC boosted its position in shares of Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after purchasing an additional 14,090 shares in the last quarter. Schwartz Investment Counsel Inc. bought a new position in shares of Comfort Systems USA during the third quarter worth $1,327,000. Finally, Atria Investments Inc acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $1,192,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of several research analyst reports. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Finally, UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA Price Performance

NYSE FIX opened at $493.27 on Monday. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $510.79. The firm’s 50 day moving average is $426.20 and its 200-day moving average is $359.03. The company has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 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 Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock valued at $15,431,250 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Company 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.