Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,579 shares of the construction company's stock after purchasing an additional 1,236 shares during the period. Franklin Resources Inc. owned approximately 0.47% of Comfort Systems USA worth $69,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. World Investment Advisors LLC purchased a new position in Comfort Systems USA during the 3rd quarter valued at $1,137,000. Sanctuary Advisors LLC boosted its stake in shares of Comfort Systems USA by 48.9% during the third quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company's stock valued at $1,157,000 after purchasing an additional 974 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Comfort Systems USA by 45.3% during the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the construction company's stock valued at $424,000 after purchasing an additional 339 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of Comfort Systems USA by 22.6% in the third quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company's stock worth $167,000 after purchasing an additional 79 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock worth $292,093,000 after buying an additional 47,929 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the sale, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. The trade was a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Down 1.8 %

Shares of FIX traded down $8.51 during mid-day trading on Tuesday, hitting $454.47. The company's stock had a trading volume of 287,380 shares, compared to its average volume of 377,399. 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 company's 50-day moving average is $444.82 and its 200-day moving average is $370.48. Comfort Systems USA, Inc. has a 52-week low of $194.30 and a 52-week high of $510.79. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 35.42 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 earnings per share. 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 disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA's dividend payout ratio is 10.71%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective for the company. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set 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 stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $493.50.

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.