Aigen Investment Management LP Reduces Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Aigen Investment Management LP cut its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 62.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777 shares of the construction company's stock after selling 1,286 shares during the quarter. Aigen Investment Management LP's holdings in Comfort Systems USA were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd lifted its position in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company's stock valued at $182,000 after buying an additional 31 shares during the period. Signaturefd LLC lifted its position in Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company's stock valued at $147,000 after acquiring an additional 32 shares during the period. GAMMA Investing LLC boosted its stake in Comfort Systems USA by 13.6% during the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company's stock worth $107,000 after acquiring an additional 42 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in Comfort Systems USA by 5.8% in the third quarter. First Trust Direct Indexing L.P. now owns 869 shares of the construction company's stock worth $339,000 after purchasing an additional 48 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now directly owns 55,099 shares of the company's stock, valued at approximately $18,301,683.84. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,591 shares of company stock worth $16,625,615. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Up 1.3 %

Comfort Systems USA stock traded up $5.61 during trading hours on Friday, hitting $445.02. The stock had a trading volume of 284,473 shares, compared to its average volume of 383,818. The stock's 50-day moving average price is $398.73 and its 200-day moving average price is $347.84. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $474.62. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $15.84 billion, a P/E ratio of 34.05 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 earnings per share for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.74 EPS. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA's dividend payout ratio (DPR) is 9.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a report on Friday. They set a "buy" rating and a $524.00 target price for the company. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $376.00.

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.