Castleark Management LLC Sells 15,770 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Castleark Management LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 96.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 650 shares of the construction company's stock after selling 15,770 shares during the period. Castleark Management LLC's holdings in Comfort Systems USA were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIX. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA in the third quarter valued at $138,987,000. Millennium Management LLC raised its holdings in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Jennison Associates LLC lifted its position in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock worth $51,797,000 after purchasing an additional 119,033 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comfort Systems USA in the second quarter worth approximately $29,743,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and lifted their target price for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price for the company. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Finally, Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $481.00.

Comfort Systems USA Stock Performance

Shares of FIX stock traded down $0.14 on Friday, hitting $497.00. 210,375 shares of the stock were exchanged, compared to its average volume of 317,148. The firm's 50 day moving average is $436.69 and its two-hundred day moving average is $364.87. Comfort Systems USA, Inc. has a one year low of $186.56 and a one year high of $510.79. The firm has a market capitalization of $17.69 billion, a PE ratio of 38.03 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.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping 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 firm had revenue of $1.81 billion during 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 company's quarterly revenue was up 31.5% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Insider Activity

In related news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 9,036 shares of the company's stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate 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.