Zurcher Kantonalbank Zurich Cantonalbank Purchases 98 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 8,151 shares of the construction company’s stock after acquiring an additional 98 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Comfort Systems USA were worth $3,182,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FIX. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $138,987,000. Millennium Management LLC boosted its stake in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Jennison Associates LLC boosted its stake in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares in the last quarter. Natixis Advisors LLC boosted its stake in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after purchasing an additional 119,033 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Comfort Systems USA in the 2nd quarter worth approximately $29,743,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

NYSE:FIX opened at $495.75 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 37.93 and a beta of 1.18. The company has a 50 day moving average price of $430.40 and a 200-day moving average price of $361.48. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $510.79.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is presently 10.71%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 target price for the company. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Comfort Systems USA 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.