Robeco Schweiz AG Sells 19,078 Shares of Comfort Systems USA, Inc. $FIX

Robeco Schweiz AG cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,200 shares of the construction company’s stock after selling 19,078 shares during the period. Comfort Systems USA comprises approximately 1.3% of Robeco Schweiz AG’s investment portfolio, making the stock its 28th largest holding. Robeco Schweiz AG owned 0.20% of Comfort Systems USA worth $57,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Norges Bank bought a new stake in Comfort Systems USA during the second quarter valued at about $256,998,000. AQR Capital Management LLC grew its stake in Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock valued at $419,049,000 after purchasing an additional 252,007 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Comfort Systems USA in the second quarter worth about $114,551,000. Third Point LLC purchased a new stake in Comfort Systems USA in the 2nd quarter worth $99,199,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in Comfort Systems USA during the 2nd quarter valued at about $87,718,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock opened at $1,071.89 on Wednesday. The firm has a 50-day simple moving average of $964.18 and a two-hundred day simple moving average of $811.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,078.70. The firm has a market cap of $37.81 billion, a price-to-earnings ratio of 45.38 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the firm posted $4.09 EPS. Comfort Systems USA’s revenue was up 35.2% compared to the same quarter last year. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FIX shares. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. UBS Group increased their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Comfort Systems USA in a research note on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

Insider Activity

In related news, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the sale, the insider owned 180,888 shares of the company’s stock, valued at $171,478,206.24. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,028 shares of company stock valued at $25,381,151 in the last 90 days. 1.59% of the stock is owned by corporate insiders.

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.