Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 43.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,250 shares of the construction company's stock after selling 2,450 shares during the period. Edgestream Partners L.P.'s holdings in Comfort Systems USA were worth $1,269,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA during the 2nd quarter worth approximately $41,000. V Square Quantitative Management LLC increased its stake in Comfort Systems USA by 59.5% in the 3rd 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 period. Finally, Contravisory Investment Management Inc. lifted its position in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Down 0.8 %

FIX stock traded down $3.84 during midday trading on Thursday, reaching $497.14. 261,200 shares of the company traded hands, compared to its average volume of 380,586. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 38.34 and a beta of 1.18. The business has a 50 day moving average of $432.56 and a 200-day moving average of $362.45. Comfort Systems USA, Inc. has a 52-week low of $186.37 and a 52-week high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $2.74 EPS. The company's revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, 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. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.28%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at $3,699,880.56. This represents a 21.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock valued at $15,431,250 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.