National Bank of Canada FI Purchases 149 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

National Bank of Canada FI lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 236.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212 shares of the construction company’s stock after acquiring an additional 149 shares during the period. National Bank of Canada FI’s holdings in Comfort Systems USA were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors boosted its holdings in Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Comfort Systems USA by 56.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after buying an additional 240,466 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $81,299,000. Congress Asset Management Co. MA increased its position in Comfort Systems USA by 3.4% during the first quarter. Congress Asset Management Co. MA now owns 271,323 shares of the construction company’s stock valued at $86,202,000 after acquiring an additional 8,889 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Comfort Systems USA by 73.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 269,068 shares of the construction company’s stock valued at $55,339,000 after acquiring an additional 114,115 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Trading Up 2.6 %

Shares of FIX stock opened at $347.73 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 34.43 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $359.33. The firm has a fifty day moving average price of $321.16 and a 200-day moving average price of $317.72.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.60. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. Comfort Systems USA’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is 11.88%.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO William George III sold 5,845 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. Company insiders own 1.80% of the company’s stock.

About Comfort Systems USA

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.