Caisse DE Depot ET Placement DU Quebec Purchases Shares of 25,688 Comfort Systems USA, Inc. (NYSE:FIX)

Caisse DE Depot ET Placement DU Quebec purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,688 shares of the construction company's stock, valued at approximately $10,027,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.07% of Comfort Systems USA as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA in the 3rd quarter valued at $138,987,000. Millennium Management LLC raised its position in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after acquiring an additional 283,416 shares during the period. Jennison Associates LLC boosted its stake in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after acquiring an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $29,743,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now directly owns 9,036 shares of the company's stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 over the last three months. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Price Performance

FIX stock traded up $6.22 during mid-day trading on Tuesday, hitting $495.75. 270,497 shares of the stock were exchanged, compared to its average volume of 381,365. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 37.93 and a beta of 1.18. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $510.79. The business has a fifty day moving average price of $430.40 and a 200 day moving average price of $361.48. 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 (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 earnings per share. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. 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 dividend payout ratio is 10.71%.

Comfort Systems USA Company 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.