Bank Julius Baer & Co. Ltd Zurich Invests $5.25 Million in Comfort Systems USA, Inc. $FIX

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 5,548 shares of the construction company’s stock, valued at approximately $5,247,000.

Other institutional investors have also modified their holdings of the company. Ethic Inc. boosted its holdings in Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after acquiring an additional 748 shares during the period. Spire Wealth Management boosted its holdings in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after acquiring an additional 4,679 shares during the period. Caerus Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $767,000. Moran Wealth Management LLC raised its position in shares of Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock valued at $26,465,000 after purchasing an additional 7,192 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Comfort Systems USA by 50.1% in the 3rd quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock valued at $6,420,000 after purchasing an additional 2,598 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock opened at $1,994.37 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The firm has a market cap of $70.20 billion, a P/E ratio of 57.54 and a beta of 1.70. Comfort Systems USA, Inc. has a 12-month low of $452.04 and a 12-month high of $2,073.99. The stock’s 50 day simple moving average is $1,599.07 and its 200 day simple moving average is $1,261.40.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 15th will be given 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 an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s dividend payout ratio is currently 8.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FIX. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 target price on the stock in a research report on Friday, April 24th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $1,779.78, for a total transaction of $889,890.00. Following the sale, the director directly owned 3,000 shares of the company’s stock, valued at approximately $5,339,340. This represents a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer directly owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 61,024 shares of company stock worth $99,678,386. 1.24% of the stock is owned by insiders.

Comfort Systems USA 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.