Cumberland Partners Ltd Acquires New Position in Comfort Systems USA, Inc. (NYSE:FIX)

Cumberland Partners Ltd purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,000 shares of the construction company's stock, valued at approximately $1,561,000.

Several other hedge funds also recently modified their holdings of FIX. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC raised its stake in shares of 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 worth $49,000 after purchasing an additional 47 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the second quarter valued at about $41,000. Finally, Contravisory Investment Management Inc. lifted its stake in Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

FIX stock traded down $3.58 during trading on Tuesday, reaching $463.12. The company had a trading volume of 278,176 shares, compared to its average volume of 384,351. Comfort Systems USA, Inc. has a twelve month low of $184.85 and a twelve month high of $474.62. The firm has a 50-day simple moving average of $387.63 and a 200-day simple moving average of $344.43. 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 company has a market cap of $16.48 billion, a price-to-earnings ratio of 36.18 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly 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. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA's quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 10.71%.

Analysts Set New Price Targets

Separately, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, 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 transaction, the director now owns 9,036 shares of the company's stock, valued at $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the transaction, the chairman now owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred 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 in the company, valued at $3,699,880.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,591 shares of company stock worth $14,835,665 over the last 90 days. Company insiders own 1.80% of the company's stock.

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.