Nordea Investment Management AB Has $28.85 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Nordea Investment Management AB decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,509 shares of the construction company's stock after selling 7,743 shares during the quarter. Nordea Investment Management AB owned 0.19% of Comfort Systems USA worth $28,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Comfort Systems USA during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC increased its stake in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock valued at $49,000 after buying an additional 47 shares during the period. True Wealth Design LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock valued at $59,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the business's stock in a transaction on 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 transaction, the chief operating officer now owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were 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 approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last quarter. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Down 0.6 %

Shares of NYSE:FIX traded down $2.58 on Wednesday, reaching $450.18. The company had a trading volume of 383,363 shares, compared to its average volume of 377,533. The stock has a market capitalization of $16.02 billion, a P/E ratio of 34.44 and a beta of 1.23. The stock has a 50-day moving average price of $453.97 and a 200 day moving average price of $384.19. Comfort Systems USA, Inc. has a twelve month low of $194.30 and a twelve month high of $510.79. 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 - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm 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 company earned $2.74 EPS. The company's revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Analyst Ratings Changes

FIX has been the topic of a number of research reports. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 target price on the stock. UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $493.50.

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.