Penserra Capital Management LLC Purchases New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Penserra Capital Management LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,837 shares of the construction company's stock, valued at approximately $2,278,000.

Several other institutional investors have also modified their holdings of the company. Comerica Bank lifted its holdings in shares of Comfort Systems USA by 34.5% during the first quarter. Comerica Bank now owns 103,730 shares of the construction company's stock valued at $32,956,000 after purchasing an additional 26,616 shares during the last quarter. Entropy Technologies LP acquired a new position in Comfort Systems USA in the 3rd quarter worth about $1,484,000. Cetera Advisors LLC acquired a new position in Comfort Systems USA in the 1st quarter worth about $971,000. WCM Investment Management LLC increased its holdings in shares of Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock valued at $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. acquired a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $1,327,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares of the company's stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last three months. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Trading Up 1.8 %

Shares of NYSE FIX traded up $9.04 during midday trading on Tuesday, hitting $504.12. The stock had a trading volume of 327,196 shares, compared to its average volume of 383,294. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $510.79. The company's 50-day simple moving average is $416.37 and its 200 day simple moving average is $354.66. The firm has a market cap of $17.94 billion, a P/E ratio of 37.88 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm's quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 earnings per share. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.28%. Comfort Systems USA's payout ratio is currently 10.71%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FIX shares. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday. They set a "buy" rating and a $525.00 target price for the company. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a "buy" rating and a $524.00 target price for the company. Finally, UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and raised their price target for the company from $396.00 to $525.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average target price of $481.00.

About Comfort Systems USA

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.