Lombard Odier Asset Management Switzerland SA Acquires Shares of 446 Comfort Systems USA, Inc. $FIX

Lombard Odier Asset Management Switzerland SA bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 446 shares of the construction company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $28,000. CENTRAL TRUST Co bought a new position in Comfort Systems USA in the 1st quarter valued at approximately $46,000. Ascentis Independent Advisors bought a new position in Comfort Systems USA in the 1st quarter valued at approximately $46,000. Brown Lisle Cummings Inc. purchased a new stake in Comfort Systems USA during the 1st quarter valued at $47,000. Finally, Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the 1st quarter valued at $48,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 6.3%

Shares of FIX stock opened at $1,622.23 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The stock has a market capitalization of $57.09 billion, a P/E ratio of 39.90 and a beta of 1.66. The firm’s 50 day moving average is $1,829.20 and its 200 day moving average is $1,581.48.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.53 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on FIX. The Goldman Sachs Group began coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $2,057.86.

Insider Buying and Selling

In related news, CFO William George III sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total transaction of $2,020,960.00. Following the completion of the sale, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total value of $649,827.36. Following the completion of the transaction, the director directly owned 1,890 shares in the company, valued at approximately $3,591,151.20. This represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,278 shares of company stock valued at $57,147,119 over the last ninety days. 1.24% of the stock is owned by insiders.

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.