Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Fmr LLC

FMR LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,548,542 shares of the construction company's stock after selling 156,452 shares during the period. FMR LLC owned about 4.35% of Comfort Systems USA worth $604,473,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in Comfort Systems USA by 22.2% in 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 last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Comfort Systems USA during the first quarter worth about $483,000. Swedbank AB bought a new stake in shares of Comfort Systems USA in the first quarter worth about $31,771,000. Atria Investments Inc purchased a new position in Comfort Systems USA during the 1st quarter valued at about $1,192,000. Finally, Cetera Investment Advisers raised its position in Comfort Systems USA by 75.5% during the 1st quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company's stock valued at $1,945,000 after purchasing an additional 2,633 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 1.4 %

Shares of Comfort Systems USA stock traded up $6.62 during midday trading on Friday, hitting $493.27. The company had a trading volume of 167,314 shares, compared to its average volume of 382,559. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The company has a 50 day moving average of $424.04 and a 200 day moving average of $357.60. The stock has a market capitalization of $17.56 billion, a P/E ratio of 37.74 and a beta of 1.13. 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 posted its quarterly 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.74 EPS. On average, equities analysts predict 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 is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. Comfort Systems USA's dividend payout ratio is presently 10.71%.

Insider Activity

In other news, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,200 shares of company stock worth $15,431,250. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective on the stock. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. Finally, UBS Group upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and boosted their price target for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average target price of $481.00.

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.