J. Safra Sarasin Holding AG Takes $2.73 Million Position in Comfort Systems USA, Inc. $FIX

J. Safra Sarasin Holding AG acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,981 shares of the construction company’s stock, valued at approximately $2,729,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Coston McIsaac & Partners boosted its holdings in Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Comfort Systems USA by 1.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 572 shares of the construction company’s stock valued at $789,000 after purchasing an additional 8 shares during the period. Fulton Bank N.A. raised its holdings in Comfort Systems USA by 1.3% during the 1st quarter. Fulton Bank N.A. now owns 603 shares of the construction company’s stock worth $832,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Comfort Systems USA by 29.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the period. Finally, Great Lakes Advisors LLC lifted its position in shares of Comfort Systems USA by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company’s stock worth $291,000 after purchasing an additional 9 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the topic of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price for the company in a research note on Friday, April 24th. UBS Group boosted their target price on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. Erste Group Bank started coverage on shares of Comfort Systems USA in a research report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Oppenheimer began coverage on Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,015.43.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 4,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the completion of the sale, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at $65,855,938.68. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,730.63 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a twelve month low of $513.99 and a twelve month high of $2,073.99. The company has a fifty day moving average of $1,881.53 and a 200-day moving average of $1,522.98. The firm has a market capitalization of $60.92 billion, a P/E ratio of 49.93 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.75 earnings per share. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were given a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 9.23%.

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.