Kepler Cheuvreux Suisse SA Takes Position in Comfort Systems USA, Inc. $FIX

Kepler Cheuvreux Suisse SA acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 1st quarter, Holdings Channel.com reports. The fund acquired 600 shares of the construction company’s stock, valued at approximately $827,000.

Other large investors have also added to or reduced their stakes in the company. Prudential PLC acquired a new position in Comfort Systems USA during the 4th quarter worth approximately $6,922,000. Ethic Inc. boosted its holdings in Comfort Systems USA by 80.5% in the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $53,383,000 after acquiring an additional 39,888 shares during the period. Spire Wealth Management grew its stake in Comfort Systems USA by 658.1% in the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after acquiring an additional 4,679 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in shares of Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after acquiring an additional 7,192 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 in the last three months. 1.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIX. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. UBS Group lifted their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Erste Group Bank began coverage on shares of Comfort Systems USA in a report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Oppenheimer began coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $1,991.50.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,741.16 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a 50 day moving average price of $1,884.63 and a two-hundred day moving average price of $1,489.17. The firm has a market capitalization of $61.29 billion, a P/E ratio of 50.24 and a beta of 1.66. Comfort Systems USA, Inc. has a 52 week low of $513.99 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the company earned $4.75 earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities analysts forecast that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

About Comfort Systems USA

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.