Los Angeles Capital Management LLC Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Los Angeles Capital Management LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 26.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 56,739 shares of the construction company's stock after acquiring an additional 11,837 shares during the period. Los Angeles Capital Management LLC owned about 0.16% of Comfort Systems USA worth $22,148,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FIX. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the third quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC lifted its position 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 valued at $49,000 after acquiring an additional 47 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth $41,000. Finally, Contravisory Investment Management Inc. increased its position in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after purchasing an additional 85 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Darcy Anderson sold 3,546 shares of the 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 completion of the sale, the director now directly owns 37,193 shares of the company's stock, valued at $12,503,914.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now owns 219,205 shares of the company's stock, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock worth $14,835,665 over the last three months. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

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

Comfort Systems USA Price Performance

Shares of FIX stock traded up $4.89 on Monday, reaching $466.95. The company had a trading volume of 324,082 shares, compared to its average volume of 384,838. The stock has a market capitalization of $16.62 billion, a PE ratio of 35.73 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business's 50-day moving average is $385.36 and its 200 day moving average is $343.33. Comfort Systems USA, Inc. has a one year low of $184.85 and a one year high of $474.62.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data 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 business 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%. Comfort Systems USA's quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.35 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. Comfort Systems USA's payout ratio is currently 9.18%.

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.