Swiss National Bank Cuts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Swiss National Bank lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIXGet Rating) by 0.6% in the second quarter, Holdings Channel reports. The institutional investor owned 84,700 shares of the construction company’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in Comfort Systems USA were worth $7,043,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in Comfort Systems USA by 886.5% during the 2nd quarter. Lazard Asset Management LLC now owns 8,454 shares of the construction company’s stock worth $702,000 after buying an additional 7,597 shares during the last quarter. TownSquare Capital LLC grew its stake in shares of Comfort Systems USA by 29.9% during the 2nd quarter. TownSquare Capital LLC now owns 10,380 shares of the construction company’s stock worth $863,000 after purchasing an additional 2,391 shares during the period. Texas Permanent School Fund grew its stake in shares of Comfort Systems USA by 1.8% during the 2nd quarter. Texas Permanent School Fund now owns 26,015 shares of the construction company’s stock worth $2,163,000 after purchasing an additional 464 shares during the period. Keybank National Association OH grew its stake in shares of Comfort Systems USA by 7.7% during the 2nd quarter. Keybank National Association OH now owns 4,520 shares of the construction company’s stock worth $376,000 after purchasing an additional 325 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Comfort Systems USA by 160.8% during the 2nd quarter. M&T Bank Corp now owns 14,405 shares of the construction company’s stock worth $574,000 after purchasing an additional 8,881 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FIX. StockNews.com began coverage on shares of Comfort Systems USA in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. DA Davidson upped their price target on shares of Comfort Systems USA to $135.00 in a research note on Tuesday, November 1st.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $126.92 on Wednesday. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 20.08 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $74.14 and a 52 week high of $127.43. The company’s 50-day moving average price is $109.73 and its 200 day moving average price is $98.34. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, November 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.47%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 16th. Comfort Systems USA’s dividend payout ratio is presently 9.49%.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 410 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $122.28, for a total value of $50,134.80. Following the sale, the director now directly owns 11,173 shares of the company’s stock, valued at approximately $1,366,234.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Comfort Systems USA news, Director Pablo G. Mercado sold 410 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $122.28, for a total value of $50,134.80. Following the transaction, the director now directly owns 11,173 shares in the company, valued at approximately $1,366,234.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 7,500 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $125.37, for a total transaction of $940,275.00. Following the completion of the transaction, the chief financial officer now owns 42,431 shares in the company, valued at $5,319,574.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,150 shares of company stock valued at $5,995,588. Insiders own 2.48% of the company’s stock.

Comfort Systems USA Profile

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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