Lombard Odier Asset Management Switzerland SA Invests $615,000 in Comfort Systems USA, Inc. $FIX

Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 446 shares of the construction company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aristotle Atlantic Partners LLC lifted its position in Comfort Systems USA by 13.6% during the first quarter. Aristotle Atlantic Partners LLC now owns 1,375 shares of the construction company’s stock valued at $1,896,000 after purchasing an additional 165 shares in the last quarter. Waverly Advisors LLC increased its position in Comfort Systems USA by 9.1% in the first quarter. Waverly Advisors LLC now owns 2,685 shares of the construction company’s stock worth $3,703,000 after buying an additional 225 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in Comfort Systems USA in the first quarter worth about $2,758,000. Entropy Technologies LP raised its stake in shares of Comfort Systems USA by 46.5% in the first quarter. Entropy Technologies LP now owns 6,454 shares of the construction company’s stock worth $8,900,000 after buying an additional 2,049 shares during the period. Finally, Bridgewater Advisors Inc. bought a new position in shares of Comfort Systems USA in the first quarter worth about $174,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,622.23 on Wednesday. The business’s 50-day simple moving average is $1,829.20 and its two-hundred day simple moving average is $1,581.48. Comfort Systems USA, Inc. has a 52 week low of $655.96 and a 52 week high of $2,073.99. The stock has a market cap of $57.09 billion, a PE ratio of 39.90 and a beta of 1.66. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company posted $6.53 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on 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. 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. UBS Group lifted their price target on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,057.86.

Insiders Place Their Bets

In other Comfort Systems USA 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 value of $889,890.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at $5,339,340. This represents a 14.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,278 shares of company stock worth $57,147,119 over the last ninety days. 1.24% of the stock is 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.