Geode Capital Management LLC Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Geode Capital Management LLC boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 748,128 shares of the construction company's stock after purchasing an additional 47,929 shares during the period. Geode Capital Management LLC owned about 2.10% of Comfort Systems USA worth $292,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Comfort Systems USA by 60.3% in the second quarter. CWM LLC now owns 218 shares of the construction company's stock valued at $66,000 after purchasing an additional 82 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Comfort Systems USA by 66.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,194 shares of the construction company's stock worth $1,580,000 after buying an additional 2,073 shares during the period. Blue Trust Inc. grew its position in shares of Comfort Systems USA by 25.2% during the 2nd quarter. Blue Trust Inc. now owns 780 shares of the construction company's stock worth $248,000 after buying an additional 157 shares in the last quarter. Freedom Day Solutions LLC increased its stake in shares of Comfort Systems USA by 2.6% during the second quarter. Freedom Day Solutions LLC now owns 8,777 shares of the construction company's stock valued at $2,669,000 after buying an additional 225 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the second quarter valued at about $370,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 1.4 %

Shares of NYSE FIX traded down $6.73 during trading hours on Friday, hitting $462.33. 285,943 shares of the stock were exchanged, compared to its average volume of 377,905. Comfort Systems USA, Inc. has a 12 month low of $194.30 and a 12 month high of $510.79. The firm has a fifty day moving average price of $443.70 and a 200-day moving average price of $369.36. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $16.45 billion, a PE ratio of 35.37 and a beta of 1.18.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The business's quarterly revenue was up 31.5% on a year-over-year basis. On average, sell-side analysts expect 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 issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.71%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company's stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value 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. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FIX. UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus assumed coverage on shares of 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. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective on the stock. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average price target of $493.50.

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.