Union Bancaire Privee UBP SA Invests $3.97 Million in Comfort Systems USA, Inc. $FIX

Union Bancaire Privee UBP SA acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,812 shares of the construction company’s stock, valued at approximately $3,971,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the 2nd quarter valued at about $27,000. Tradewinds Capital Management LLC boosted its stake in shares of Comfort Systems USA by 37.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after purchasing an additional 31 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Comfort Systems USA by 310.7% in the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock valued at $62,000 after buying an additional 87 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of Comfort Systems USA in the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 0.1%

Shares of NYSE FIX opened at $967.51 on Wednesday. The stock has a market capitalization of $34.12 billion, a PE ratio of 40.96 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $929.76 and a 200-day moving average of $745.24. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,036.67.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $713.90 million for the quarter. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

FIX has been the topic of a number of analyst reports. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus upped their target price on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $914.25.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 4,370 shares of Comfort Systems USA stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Herman E. Bulls sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total transaction of $2,027,240.00. Following the sale, the director owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. This represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 26,028 shares of company stock worth $25,381,151. Company insiders own 1.59% of the company’s stock.

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.