Comfort Systems USA, Inc. $FIX Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 97.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,090 shares of the construction company’s stock after selling 37,122 shares during the period. Vontobel Holding Ltd.’s holdings in Comfort Systems USA were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FIX. BlackRock Inc. bought a new position in Comfort Systems USA during the second quarter worth $6,734,037,000. Amundi raised its position in shares of Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after purchasing an additional 156,069 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Comfort Systems USA by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company’s stock valued at $385,800,000 after purchasing an additional 14,423 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Comfort Systems USA by 12.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company’s stock valued at $348,856,000 after purchasing an additional 28,712 shares during the period. Finally, Value Aligned Research Advisors LLC lifted its stake in shares of Comfort Systems USA by 14.0% during the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after buying an additional 29,970 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George, III sold 2,554 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,078 shares of company stock valued at $43,211,828 over the last three months. 1.24% of the stock is owned by insiders.

Comfort Systems USA Trading Up 1.8%

Shares of NYSE:FIX opened at $1,464.80 on Tuesday. The company has a market capitalization of $51.55 billion, a P/E ratio of 36.03 and a beta of 1.66. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The business’s 50 day simple moving average is $1,638.79 and its 200 day simple moving average is $1,732.69.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the business earned $6.53 earnings per share. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group reiterated a “buy” rating on shares of Comfort Systems USA in a research note on Tuesday, September 15th. Weiss Ratings raised shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Erste Group Bank downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,085.00.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.