Comfort Systems USA, Inc. $FIX Stock Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 97.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,090 shares of the construction company’s stock after selling 37,122 shares during the quarter. Vontobel Holding Ltd.’s holdings in Comfort Systems USA were worth $1,803,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Signature Equity Partners LLC lifted its holdings in shares of Comfort Systems USA by 16.7% in the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock worth $48,000 after acquiring an additional 5 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in shares of Comfort Systems USA by 1.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after purchasing an additional 6 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Comfort Systems USA by 3.4% during the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock valued at $303,000 after purchasing an additional 6 shares during the last quarter. LifeGoal Investments LLC grew its holdings in shares of Comfort Systems USA by 1.9% during the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company’s stock valued at $519,000 after purchasing an additional 6 shares during the last quarter. Finally, Coston McIsaac & Partners increased its position in Comfort Systems USA by 3.0% during the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock worth $329,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA and gave the stock a “buy” rating in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $2,085.00.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,464.80 on Tuesday. The stock has a market cap of $51.55 billion, a P/E ratio of 36.03 and a beta of 1.66. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $1,638.79 and its 200-day moving average is $1,732.69. Comfort Systems USA, Inc. has a 1-year low of $770.47 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The firm’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.53 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a $0.90 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.