Banque Cantonale Vaudoise Makes New $950,000 Investment in Comfort Systems USA, Inc. $FIX

Banque Cantonale Vaudoise purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,019 shares of the construction company’s stock, valued at approximately $950,000.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. increased its position in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake 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 valued at $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 17 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $42,000. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIX. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Glj Research started coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. DA Davidson upped their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, UBS Group boosted their price objective on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,923.20.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,829.88 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $64.41 billion, a P/E ratio of 52.80 and a beta of 1.70. Comfort Systems USA, Inc. has a 52-week low of $452.65 and a 52-week high of $2,073.99. The business’s 50-day moving average price is $1,647.02 and its 200 day moving average price is $1,291.35.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.75 earnings per share. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer owned 37,824 shares in the company, valued at approximately $54,276,305.28. This represents a 19.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 61,024 shares of company stock worth $99,678,386. Corporate insiders own 1.24% of the company’s stock.

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.