Point72 DIFC Ltd Has $876,000 Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Point72 DIFC Ltd reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 68.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,244 shares of the construction company's stock after selling 4,916 shares during the period. Point72 DIFC Ltd's holdings in Comfort Systems USA were worth $876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the third quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Comfort Systems USA in the third quarter valued at about $38,000. Opal Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 2nd quarter valued at approximately $41,000. V Square Quantitative Management LLC increased its stake in shares of Comfort Systems USA by 59.5% in the third 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 acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $53,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded down $0.44 during trading hours on Friday, hitting $496.70. 210,360 shares of the company traded hands, compared to its average volume of 379,866. The firm's 50-day simple moving average is $436.69 and its two-hundred day simple moving average is $364.61. The firm has a market cap of $17.68 billion, a P/E ratio of 38.00 and a beta of 1.18. Comfort Systems USA, Inc. has a 1-year low of $186.56 and a 1-year high of $510.79. 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 (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.74 earnings per share. The business's revenue for the quarter was up 31.5% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling

In other news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA 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 transaction, the director now directly owns 5,498 shares of the company's stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

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

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.