JPMorgan Chase & Co. Has $51.06 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

JPMorgan Chase & Co. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 64.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,811 shares of the construction company's stock after selling 235,296 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Comfort Systems USA worth $51,062,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Comfort Systems USA in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC raised its holdings in shares of 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 buying an additional 47 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. boosted 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. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $20.05 during trading on Friday, reaching $448.55. The company's stock had a trading volume of 320,256 shares, compared to its average volume of 348,878. The stock has a 50-day moving average price of $451.54 and a two-hundred day moving average price of $381.92. The stock has a market capitalization of $15.97 billion, a P/E ratio of 34.32 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a one year low of $194.30 and a one year high of $510.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion during 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%. The company's revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 earnings per share. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company's stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares of the company's stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

FIX has been the subject of several recent analyst reports. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. Finally, Stifel Nicolaus started 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $493.50.

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.