Commerce Bank Takes $511,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Commerce Bank purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,308 shares of the construction company's stock, valued at approximately $511,000.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Comfort Systems USA by 22.2% during the 1st quarter. Tidal Investments LLC now owns 6,199 shares of the construction company's stock worth $1,969,000 after acquiring an additional 1,125 shares during the period. Comerica Bank lifted its position in shares of Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company's stock worth $32,956,000 after buying an additional 26,616 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in Comfort Systems USA in the first quarter valued at about $483,000. Virtu Financial LLC acquired a new position in Comfort Systems USA during the first quarter worth about $1,237,000. Finally, Swedbank AB bought a new position in shares of Comfort Systems USA in the first quarter worth about $31,771,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts 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 started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 price target on the stock. UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and upped their price objective for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $481.00.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value 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. This represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 23,990 shares of the company's stock, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Stock Down 3.2 %

FIX traded down $15.92 during trading on Wednesday, hitting $488.20. 343,297 shares of the company's stock were exchanged, compared to its average volume of 382,868. The stock has a market cap of $17.38 billion, a P/E ratio of 38.57 and a beta of 1.13. The business's 50 day moving average is $419.31 and its two-hundred day moving average is $355.79. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $510.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 7.18% and a return on equity of 32.74%. The business's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 EPS. As a group, equities 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 company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio is currently 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.