Credit Suisse AG Purchases 453 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Credit Suisse AG boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,321 shares of the construction company’s stock after purchasing an additional 453 shares during the period. Credit Suisse AG owned about 0.09% of Comfort Systems USA worth $3,048,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in Comfort Systems USA by 190.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock worth $42,000 after acquiring an additional 285 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Comfort Systems USA by 2.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 16,771 shares of the construction company’s stock worth $1,966,000 after purchasing an additional 416 shares during the period. Nordea Investment Management AB lifted its position in shares of Comfort Systems USA by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 134,702 shares of the construction company’s stock worth $10,765,000 after purchasing an additional 3,346 shares during the period. Boston Trust Walden Corp lifted its position in Comfort Systems USA by 3.3% during the third quarter. Boston Trust Walden Corp now owns 234,015 shares of the construction company’s stock valued at $22,777,000 after acquiring an additional 7,534 shares during the last quarter. Finally, Heritage Wealth Management LLC purchased a new stake in Comfort Systems USA during the second quarter valued at approximately $314,000. 94.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson lifted their target price on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 24th.

Comfort Systems USA Price Performance

Shares of FIX opened at $147.20 on Friday. Comfort Systems USA, Inc. has a 1-year low of $74.14 and a 1-year high of $148.89. The stock has a market cap of $5.26 billion, a PE ratio of 21.58 and a beta of 1.22. The firm has a 50-day simple moving average of $122.60 and a two-hundred day simple moving average of $114.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.12 and a quick ratio of 1.09.

Comfort Systems USA (NYSE:FIX – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. As a group, analysts forecast that Comfort Systems USA, Inc. will post 6.35 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, March 9th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.15. Comfort Systems USA’s payout ratio is 8.80%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $147.00, for a total transaction of $367,500.00. Following the completion of the transaction, the director now owns 26,297 shares in the company, valued at approximately $3,865,659. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $147.00, for a total value of $367,500.00. Following the transaction, the director now directly owns 26,297 shares in the company, valued at approximately $3,865,659. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $120.27, for a total transaction of $360,810.00. Following the completion of the transaction, the director now owns 27,722 shares in the company, valued at approximately $3,334,124.94. The disclosure for this sale can be found here. Insiders own 2.48% of the company’s stock.

Comfort Systems USA Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, and Electrical Services. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.