Entropy Technologies LP Makes New $1.48 Million Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Entropy Technologies LP purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,801 shares of the construction company's stock, valued at approximately $1,484,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors grew its position in Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after buying an additional 451,852 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock valued at $211,924,000 after buying an additional 240,466 shares in the last quarter. Federated Hermes Inc. grew its holdings in Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock worth $126,461,000 after acquiring an additional 8,578 shares during the period. Millennium Management LLC boosted its position in shares of Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock valued at $46,440,000 after purchasing an additional 8,363 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Down 2.1 %

NYSE:FIX traded down $9.64 during mid-day trading on Wednesday, reaching $453.39. The stock had a trading volume of 172,515 shares, compared to its average volume of 383,388. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock's 50 day simple moving average is $390.60 and its two-hundred day simple moving average is $345.56. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $474.62. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 35.60 and a beta of 1.13.

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 the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the company earned $2.74 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.31%. Comfort Systems USA's dividend payout ratio (DPR) is presently 9.18%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the company's 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 completion of the transaction, the director now owns 9,036 shares of the company's stock, valued at $3,699,880.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,591 shares of company stock worth $9,892,415 over the last ninety days. Company insiders own 1.80% of the company's stock.

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.