Sun Sep 15 09:28:54 UTC 2024: ## National Bank of Canada Increases Comfort Systems USA Stake by 236.5%

**New York, NY – September 15, 2024** – National Bank of Canada FI significantly boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now owns 212 shares of the construction company, after acquiring an additional 149 shares. This represents a 236.5% increase in their holdings, which are currently valued at $62,000.

This move by National Bank of Canada follows a trend of increased interest in Comfort Systems USA by other hedge funds. Capital World Investors and Westfield Capital Management Co. LP also increased their stakes in the company during the first quarter. Norges Bank and Congress Asset Management Co. MA joined the list of investors by purchasing new stakes in the company.

Comfort Systems USA recently reported strong earnings results, exceeding analysts’ expectations for both earnings per share and revenue. The company’s quarterly revenue grew by 39.6% compared to the same quarter last year, further solidifying its positive performance.

Analysts predict that Comfort Systems USA will post 13.79 earnings per share for the current year. The company also recently announced a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 and a yield of 0.35%.

While positive news regarding Comfort Systems USA’s financial performance and investor interest has been circulating, there have also been insider sales. Director Darcy Anderson and CFO William George III recently sold shares of the company’s stock.

Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. The company operates through two segments, Mechanical and Electrical.

Overall, the recent increase in investor interest and positive financial results suggest a favorable outlook for Comfort Systems USA. However, it’s important to consider the insider sales and market fluctuations before making any investment decisions.

Read More