Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 18.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,966 shares of the construction company's stock after selling 1,590 shares during the quarter. Hilltop Holdings Inc.'s holdings in Comfort Systems USA were worth $2,719,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FIX. Hollencrest Capital Management bought a new position in Comfort Systems USA during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $38,000. V Square Quantitative Management LLC grew its holdings 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 acquiring an additional 47 shares during the period. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA in the second quarter valued at about $41,000. Finally, True Wealth Design LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $53,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Comfort Systems USA Stock Performance

NYSE:FIX traded up $6.22 during trading hours on Tuesday, hitting $495.75. 269,822 shares of the company were exchanged, compared to its average volume of 381,302. 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 company's 50 day moving average price is $428.25 and its 200-day moving average price is $360.21. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 37.45 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. 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%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's payout ratio is currently 10.71%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,000 shares of the company's 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 transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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.