Credit Suisse AG lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,980 shares of the construction company’s stock after buying an additional 1,973 shares during the period. Credit Suisse AG owned approximately 0.12% of Comfort Systems USA worth $6,273,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of FIX. Benjamin Edwards Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at $30,000. Brown Brothers Harriman & Co. grew its position in shares of Comfort Systems USA by 2,814.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after buying an additional 394 shares during the last quarter. Ronald Blue Trust Inc. grew its position in shares of Comfort Systems USA by 64.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock valued at $38,000 after buying an additional 151 shares during the last quarter. Meeder Asset Management Inc. grew its position in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after purchasing an additional 230 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Comfort Systems USA by 113.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock worth $65,000 after purchasing an additional 235 shares during the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.
Comfort Systems USA Stock Performance
Shares of FIX stock traded up $1.40 during mid-day trading on Thursday, hitting $165.95. The stock had a trading volume of 35,866 shares, compared to its average volume of 256,288. Comfort Systems USA, Inc. has a fifty-two week low of $82.27 and a fifty-two week high of $167.53. The firm has a market cap of $5.94 billion, a PE ratio of 27.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 1.01. The company’s 50-day simple moving average is $156.30 and its 200-day simple moving average is $139.55.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business earned $0.91 EPS. The business’s revenue was up 32.7% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 6.79 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 29th. Stockholders of record on Thursday, May 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, May 17th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s dividend payout ratio (DPR) is 13.31%.
Insider Transactions at Comfort Systems USA
In related news, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $159.94, for a total value of $479,820.00. Following the completion of the sale, the director now owns 22,787 shares in the company, valued at $3,644,552.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.48% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on FIX. UBS Group began coverage on shares of Comfort Systems USA in a research report on Thursday, June 1st. They set a “neutral” rating and a $162.00 price objective on the stock. StockNews.com began coverage on shares of Comfort Systems USA in a research report on Thursday, May 18th. They set a “buy” rating on the stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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