Zurcher Kantonalbank Zurich Cantonalbank Purchases 551 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,402 shares of the construction company’s stock after purchasing an additional 551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Comfort Systems USA were worth $3,353,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in Comfort Systems USA by 116.4% in the first quarter. HB Wealth Management LLC now owns 1,489 shares of the construction company’s stock worth $480,000 after purchasing an additional 801 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Comfort Systems USA by 2,275.0% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,660 shares of the construction company’s stock worth $857,000 after purchasing an additional 2,548 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Comfort Systems USA in the first quarter worth about $1,042,000. Assetmark Inc. increased its stake in Comfort Systems USA by 72.6% in the 1st quarter. Assetmark Inc. now owns 309 shares of the construction company’s stock worth $100,000 after buying an additional 130 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Comfort Systems USA by 90.9% during the 1st quarter. Cetera Investment Advisers now owns 10,780 shares of the construction company’s stock valued at $3,475,000 after buying an additional 5,133 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 1.0%

NYSE:FIX opened at $696.24 on Friday. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 35.78 and a beta of 1.49. Comfort Systems USA, Inc. has a 52 week low of $272.92 and a 52 week high of $718.40. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $537.48 and a 200 day moving average of $444.42.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $3.74 earnings per share. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.45. Comfort Systems USA’s dividend payout ratio is currently 9.25%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the sale, the director owned 26,535 shares of the company’s stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider owned 198,046 shares in the company, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,700 shares of company stock worth $21,638,967 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a research report on Friday, July 11th. UBS Group increased their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson boosted their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Finally, Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $635.60.

Comfort Systems USA Company Profile

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.