Premier Fund Managers Ltd Sells 3,364 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Premier Fund Managers Ltd lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,430 shares of the construction company's stock after selling 3,364 shares during the period. Premier Fund Managers Ltd's holdings in Comfort Systems USA were worth $5,248,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $41,000. V Square Quantitative Management LLC lifted its stake in shares of Comfort Systems USA by 59.5% in the 3rd 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 period. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on FIX shares. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They set a "buy" rating and a $524.00 price target for the company. Finally, UBS Group raised 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $466.33.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 8.70 % 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 business's 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 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 three months, insiders have sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

FIX stock traded down $0.89 during trading on Wednesday, reaching $473.54. The company's stock had a trading volume of 203,254 shares, compared to its average volume of 382,465. 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's fifty day moving average is $404.71 and its 200-day moving average is $350.57. The company has a market capitalization of $16.85 billion, a P/E ratio of 36.29 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $481.80.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its 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. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the business posted $2.74 earnings per share. The firm's revenue was up 31.5% on a year-over-year basis. On average, research analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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