Bank of Montreal Can Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Bank of Montreal Can increased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 95.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,802 shares of the construction company's stock after purchasing an additional 9,160 shares during the period. Bank of Montreal Can owned approximately 0.05% of Comfort Systems USA worth $7,334,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in Comfort Systems USA by 5.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,888 shares of the construction company's stock valued at $737,000 after purchasing an additional 95 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Comfort Systems USA during the third quarter valued at $1,288,000. Penserra Capital Management LLC purchased a new stake in shares of Comfort Systems USA during the third quarter valued at $2,278,000. Pitcairn Co. increased its holdings in Comfort Systems USA by 70.0% in the 3rd quarter. Pitcairn Co. now owns 3,512 shares of the construction company's stock worth $1,371,000 after buying an additional 1,446 shares in the last quarter. Finally, Algert Global LLC raised its position in Comfort Systems USA by 35.3% in the 3rd quarter. Algert Global LLC now owns 34,219 shares of the construction company's stock worth $13,357,000 after buying an additional 8,924 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the business's stock in a transaction on 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 sale, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 10.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the firm's stock in a transaction dated 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 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 valued at $15,431,250. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Stock Performance

NYSE FIX traded up $6.22 during trading hours on Tuesday, hitting $495.75. 270,497 shares of the company's stock traded hands, compared to its average volume of 381,365. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $510.79. The firm has a market capitalization of $17.65 billion, a P/E ratio of 37.93 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business's fifty day moving average price is $430.40 and its two-hundred day moving average price is $361.48.

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, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for 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 business's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

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

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.