Comfort Systems USA, Inc. $FIX Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,480 shares of the construction company’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank’s holdings in Comfort Systems USA were worth $142,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co purchased a new stake in Comfort Systems USA in the 1st quarter valued at $46,000. Ascentis Independent Advisors purchased a new stake in Comfort Systems USA in the 1st quarter valued at $46,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Comfort Systems USA in the 1st quarter worth $47,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $33,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,667.28 on Monday. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $58.69 billion, a P/E ratio of 48.10 and a beta of 1.66. The stock’s fifty day moving average is $1,861.34 and its two-hundred day moving average is $1,544.34.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.75 EPS. Equities analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research report on Friday, April 24th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $2,015.43.

Insider Buying and Selling

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the transaction, the director owned 7,666 shares of the company’s stock, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 4,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This trade represents a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,778 shares of company stock valued at $59,746,124 over the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA 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.