Comfort Systems USA, Inc. (NYSE:FIX) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 69,000 shares of the construction company's stock after selling 1,100 shares during the period. Swiss National Bank owned 0.20% of Comfort Systems USA worth $22,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIX. GAMMA Investing LLC lifted its stake in shares of Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after buying an additional 253,677 shares during the period. Voya Investment Management LLC lifted its stake in shares of Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after buying an additional 208,283 shares during the period. Bain Capital Public Equity Management II LLC lifted its stake in shares of Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after buying an additional 155,204 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Comfort Systems USA by 147.4% during the first quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock valued at $80,015,000 after buying an additional 147,885 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Comfort Systems USA by 289.0% during the first quarter. Victory Capital Management Inc. now owns 172,571 shares of the construction company's stock valued at $55,625,000 after buying an additional 128,209 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,400 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the sale, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Trading Down 1.4%

Shares of Comfort Systems USA stock traded down $9.47 during trading hours on Friday, hitting $680.39. The company's stock had a trading volume of 408,860 shares, compared to its average volume of 461,570. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $733.24. The business has a fifty day moving average of $578.99 and a 200 day moving average of $458.11. The company has a market capitalization of $24.00 billion, a PE ratio of 34.96 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The business's revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $3.74 EPS. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIX. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group increased their price target on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $635.60.

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.