Royal London Asset Management Ltd. Purchases 43,691 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Royal London Asset Management Ltd. boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,501 shares of the construction company's stock after purchasing an additional 43,691 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.72% of Comfort Systems USA worth $99,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $41,000. V Square Quantitative Management LLC grew its stake in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after buying an additional 47 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA during the 3rd quarter worth $53,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Stock Up 0.4 %

Shares of FIX traded up $2.01 during trading hours on Thursday, hitting $502.99. 76,866 shares of the company were exchanged, compared to its average volume of 379,775. The company has a market cap of $17.90 billion, a PE ratio of 38.34 and a beta of 1.18. The firm's 50 day moving average is $432.56 and its 200-day moving average is $362.45. Comfort Systems USA, Inc. has a 52 week low of $186.37 and a 52 week high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The company 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 firm's revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.74 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date 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 is 10.71%.

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.