Zurcher Kantonalbank Zurich Cantonalbank Acquires 658 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,053 shares of the construction company’s stock after buying an additional 658 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Comfort Systems USA were worth $2,449,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital World Investors raised its stake in shares of Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Comfort Systems USA in the 4th quarter valued at $87,733,000. Norges Bank bought a new position in Comfort Systems USA during the 4th quarter valued at $81,299,000. Hennessy Advisors Inc. purchased a new position in Comfort Systems USA during the 4th quarter worth $30,151,000. Finally, Blackstone Inc. bought a new stake in shares of Comfort Systems USA in the 1st quarter worth $41,302,000. 96.51% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the sale, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The disclosure for this sale can be found here. Insiders sold 27,864 shares of company stock valued at $9,153,485 in the last three months. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th.

Comfort Systems USA Stock Performance

Shares of FIX opened at $353.52 on Friday. The stock has a 50 day moving average of $318.12 and a 200 day moving average of $313.17. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 35.00 and a beta of 1.15. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $359.33. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.60. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business’s revenue was up 39.6% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.19 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s payout ratio is 11.88%.

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.