Edmond DE Rothschild Holding S.A. Purchases Shares of 402 Comfort Systems USA, Inc. $FIX

Edmond DE Rothschild Holding S.A. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 402 shares of the construction company’s stock, valued at approximately $797,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential PLC purchased a new position in Comfort Systems USA during the 4th quarter worth $6,922,000. Ethic Inc. raised its stake in Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the fourth quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after acquiring an additional 39,888 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 17.0% in the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after acquiring an additional 625,567 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Comfort Systems USA by 713.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company’s stock worth $12,392,000 after acquiring an additional 11,645 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William George III sold 2,554 shares of the company’s stock in a transaction on Monday, August 17th. The shares were 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 directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 17,096 shares of company stock valued at $31,186,647. 1.24% of the stock is owned by insiders.

Comfort Systems USA Stock Down 1.3%

Comfort Systems USA stock opened at $1,674.43 on Friday. The business’s 50-day simple moving average is $1,788.02 and its two-hundred day simple moving average is $1,655.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market cap of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business posted $6.53 earnings per share. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Analyst Ratings Changes

FIX has been the topic of several recent analyst reports. KeyCorp upped their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. UBS Group set a $2,100.00 target price on shares of Comfort Systems USA in a research report on Thursday. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target on the stock. Finally, Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average target price of $2,040.00.

Comfort Systems USA 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.