Catalyst Capital Advisors LLC Invests $853,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Catalyst Capital Advisors LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,185 shares of the construction company's stock, valued at approximately $853,000.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its stake in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company's stock worth $147,000 after buying an additional 32 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 42 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings 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 purchasing an additional 47 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Comfort Systems USA by 5.8% during 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 last quarter. Finally, Roman Butler Fullerton & Co. boosted its holdings in Comfort Systems USA by 1.2% during the third quarter. Roman Butler Fullerton & Co. now owns 4,223 shares of the construction company's stock worth $1,746,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th.

Insider Buying and Selling

In related news, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares of the company's stock, valued at $72,239,007.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,091 shares of company stock valued at $13,812,015. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $26.29 during trading on Wednesday, reaching $437.28. 424,446 shares of the company's stock traded hands, compared to its average volume of 385,276. The company has a market capitalization of $15.56 billion, a P/E ratio of 31.45 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $379.32 and its 200 day moving average is $340.30. Comfort Systems USA, Inc. has a 1 year low of $183.23 and a 1 year high of $439.17.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA's revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.74 EPS. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio is 9.18%.

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.