Bridgewater Associates LP grew its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 53.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,718 shares of the construction company's stock after purchasing an additional 5,442 shares during the period. Bridgewater Associates LP's holdings in Comfort Systems USA were worth $6,136,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Comfort Systems USA by 95.0% during the 3rd quarter. Bank of Montreal Can now owns 18,802 shares of the construction company's stock valued at $7,334,000 after acquiring an additional 9,160 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Comfort Systems USA by 5.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,888 shares of the construction company's stock valued at $737,000 after purchasing an additional 95 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Comfort Systems USA during the third quarter worth about $1,288,000. Penserra Capital Management LLC acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $2,278,000. Finally, Pitcairn Co. increased its stake in shares of Comfort Systems USA by 70.0% in the third quarter. Pitcairn Co. now owns 3,512 shares of the construction company's stock valued at $1,371,000 after buying an additional 1,446 shares during the period. 96.51% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. Corporate insiders own 1.80% of the company's stock.
Comfort Systems USA Trading Up 1.4 %
NYSE FIX traded up $6.62 during mid-day trading on Friday, reaching $493.27. 167,318 shares of the stock were exchanged, compared to its average volume of 382,559. The stock has a market cap of $17.56 billion, a P/E ratio of 37.74 and a beta of 1.13. 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 one year low of $185.83 and a one year high of $510.79. The stock has a 50 day simple moving average of $426.20 and a 200-day simple moving average of $358.89.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business's revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $2.74 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date 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 10.71%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. UBS Group raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus target price of $481.00.
View Our Latest Analysis on FIX
About Comfort Systems USA
(
Free Report)
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.
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