Edmond DE Rothschild Holding S.A. Makes New $797,000 Investment in Comfort Systems USA, Inc. $FIX

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 402 shares of the construction company’s stock, valued at approximately $797,000.

Other institutional investors have also recently made changes to their positions in the company. Geneva Partners LLC purchased a new stake in shares of Comfort Systems USA in the 2nd quarter worth $8,553,000. Johnson Financial Group Inc. purchased a new position in Comfort Systems USA during the second quarter valued at $383,000. Kelman Lazarov Inc. purchased a new position in Comfort Systems USA during the second quarter valued at $279,000. West Family Investments Inc. bought a new stake in Comfort Systems USA during the second quarter valued at about $509,000. Finally, NewEdge Wealth LLC bought a new stake in Comfort Systems USA during the second quarter valued at about $2,301,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. KeyCorp raised their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Finally, Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $2,040.00.

Comfort Systems USA Trading Down 1.3%

FIX stock opened at $1,674.43 on Friday. The firm has a fifty day moving average price of $1,788.02 and a 200 day moving average price of $1,655.06. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99. The firm has a market cap of $58.92 billion, a PE ratio of 41.18 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the company earned $6.53 EPS. The business’s revenue was up 50.3% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

Insider Activity

In related news, CFO William George III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,096 shares of company stock valued at $31,186,647. 1.24% of the stock is currently owned by company insiders.

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.