HighTower Advisors LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

HighTower Advisors LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 11.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,486 shares of the construction company's stock after selling 1,567 shares during the period. HighTower Advisors LLC's holdings in Comfort Systems USA were worth $4,885,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIX. Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC increased its stake in shares of Comfort Systems USA by 59.5% during 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 in the last quarter. True Wealth Design LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. lifted its stake in Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock valued at $59,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FIX. Stifel Nicolaus started coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price target for the company. 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 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 price target on the stock. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $493.50.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares of the company's stock, 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. Over the last 90 days, insiders sold 36,200 shares of company stock valued at $15,431,250. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Trading Up 2.8 %

FIX traded up $13.06 during midday trading on Wednesday, hitting $472.26. The company's stock had a trading volume of 257,537 shares, compared to its average volume of 378,774. The firm has a market cap of $16.81 billion, a P/E ratio of 36.13 and a beta of 1.18. Comfort Systems USA, Inc. has a 52-week low of $194.30 and a 52-week high of $510.79. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $441.02 and a two-hundred day moving average price of $367.61.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 earnings per share. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA Company 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.