UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,374 shares of the construction company's stock after selling 1,548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of Comfort Systems USA worth $65,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Comfort Systems USA during the third quarter worth $38,000. V Square Quantitative Management LLC raised its position in 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 valued at $49,000 after purchasing an additional 47 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the 2nd quarter valued at about $41,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after acquiring an additional 85 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Comfort Systems USA Stock Up 1.3 %

NYSE FIX traded up $6.22 during trading on Tuesday, reaching $495.75. 270,497 shares of the company's stock were exchanged, compared to its average volume of 381,365. The company has a 50 day moving average price of $428.25 and a two-hundred day moving average price of $360.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $17.64 billion, a P/E ratio of 37.93 and a beta of 1.18. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm earned $2.74 EPS. The company's revenue was up 31.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 annualized dividend 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 Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. 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 business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction 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 represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last three months. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA Company 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.