Pictet Asset Management Holding SA Buys 4,431 Shares of Comfort Systems USA, Inc. $FIX

Pictet Asset Management Holding SA raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,139 shares of the construction company’s stock after buying an additional 4,431 shares during the period. Pictet Asset Management Holding SA’s holdings in Comfort Systems USA were worth $40,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential PLC bought a new position in Comfort Systems USA in the fourth quarter valued at about $6,922,000. Ethic Inc. grew its holdings in shares of Comfort Systems USA by 80.5% during the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after purchasing an additional 748 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock valued at $53,383,000 after buying an additional 39,888 shares during the period. Spire Wealth Management raised its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after buying an additional 7,192 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. UBS Group increased their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,991.50.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares of the company’s stock, valued at $13,282,648.22. The trade was a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 4,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares in the company, valued at approximately $65,855,938.68. The trade was a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,778 shares of company stock worth $59,746,124. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 1.7%

Shares of NYSE FIX opened at $1,981.31 on Wednesday. The company’s 50 day moving average price is $1,879.47 and its 200-day moving average price is $1,472.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $510.00 and a 52-week high of $2,073.99. The company has a market capitalization of $69.74 billion, a P/E ratio of 57.16 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company posted $4.75 earnings per share. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.