Swiss National Bank reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 70,500 shares of the construction company’s stock after selling 8,200 shares during the quarter. Swiss National Bank’s holdings in Comfort Systems USA were worth $14,500,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in FIX. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Comfort Systems USA by 18.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company’s stock valued at $1,265,000 after purchasing an additional 1,175 shares during the last quarter. Advisor Partners II LLC grew its position in shares of Comfort Systems USA by 73.6% during the 3rd quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company’s stock valued at $568,000 after buying an additional 1,414 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $930,000. Allspring Global Investments Holdings LLC lifted its holdings in Comfort Systems USA by 99.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 83,374 shares of the construction company’s stock worth $14,208,000 after acquiring an additional 41,527 shares during the last quarter. Finally, First Trust Direct Indexing L.P. bought a new position in Comfort Systems USA in the third quarter worth about $206,000. 96.51% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Comfort Systems USA
In other news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the transaction, the chief operating officer now directly owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,114 shares of company stock valued at $14,946,495. Company insiders own 1.80% of the company’s stock.
Comfort Systems USA Stock Performance
Shares of NYSE FIX opened at $344.80 on Friday. Comfort Systems USA, Inc. has a 12-month low of $144.45 and a 12-month high of $352.45. The company has a market cap of $12.32 billion, a PE ratio of 34.14 and a beta of 1.20. The stock has a 50 day simple moving average of $313.42 and a 200-day simple moving average of $245.94. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio is currently 9.90%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. UBS Group increased their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday.
Check Out Our Latest Research Report on FIX
Comfort Systems USA 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.
Further Reading
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