Edmond DE Rothschild Holding S.A. Cuts Holdings in Comfort Systems USA, Inc. $FIX

Edmond DE Rothschild Holding S.A. trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 20.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 800 shares of the construction company’s stock after selling 200 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Comfort Systems USA were worth $429,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FIX. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA in the second quarter worth $27,000. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth $31,000. Brooklyn Investment Group grew its position in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after purchasing an additional 83 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Comfort Systems USA by 310.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on FIX shares. William Blair began coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $892.75.

Insiders Place Their Bets

In related news, Director Franklin Myers sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the sale, the director directly owned 30,574 shares in the company, valued at $30,990,417.88. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,158 shares of company stock worth $21,277,519. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $969.74 on Thursday. The company has a market cap of $34.20 billion, a PE ratio of 41.06 and a beta of 1.55. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,020.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. The business has a 50-day simple moving average of $882.83 and a two-hundred day simple moving average of $693.54.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million during the quarter. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Thursday, November 13th were given a $0.60 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s payout ratio is currently 10.16%.

Comfort Systems USA Company 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.