Citigroup Inc. Has $7.30 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Citigroup Inc. raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 65.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,711 shares of the construction company's stock after acquiring an additional 7,379 shares during the quarter. Citigroup Inc. owned about 0.05% of Comfort Systems USA worth $7,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Entropy Technologies LP bought a new position in shares of Comfort Systems USA in the 3rd quarter worth $1,484,000. Cetera Advisors LLC bought a new position in Comfort Systems USA during the first quarter worth about $971,000. WCM Investment Management LLC grew its position in shares of Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock worth $38,833,000 after buying an additional 14,090 shares during the period. Schwartz Investment Counsel Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $1,327,000. Finally, Atria Investments Inc acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $1,192,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the firm'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 value of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 over the last ninety days. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Up 1.4 %

FIX traded up $6.62 during trading on Friday, hitting $493.27. The company had a trading volume of 167,318 shares, compared to its average volume of 342,365. The company has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $510.79. The firm's 50-day moving average price is $426.20 and its 200 day moving average price is $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 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 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 company's quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio is 10.71%.

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.