BNP Paribas Financial Markets Sells 4,825 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

BNP Paribas Financial Markets reduced its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,415 shares of the construction company's stock after selling 4,825 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.07% of Comfort Systems USA worth $10,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the third quarter valued at $38,000. V Square Quantitative Management LLC increased 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 valued at $49,000 after purchasing an additional 47 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the second quarter worth $41,000. Finally, Contravisory Investment Management Inc. lifted its position in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $3.74 during trading hours on Monday, hitting $489.53. 215,828 shares of the company's stock traded hands, compared to its average volume of 381,840. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 37.73 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $510.79. The company's fifty day simple moving average is $426.20 and its two-hundred day simple moving average is $359.03.

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

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA's dividend payout ratio is 10.71%.

Analysts Set New Price Targets

Several research firms recently weighed in on FIX. UBS Group upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective for the company. Stifel Nicolaus initiated coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective for the company. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $481.00.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 204,205 shares of the company's stock, 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. In the last quarter, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by company insiders.

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.