F M Investments LLC Sells 20,509 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

F M Investments LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,038 shares of the construction company's stock after selling 20,509 shares during the quarter. F M Investments LLC owned approximately 0.11% of Comfort Systems USA worth $16,019,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. Capital World Investors raised its position in Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after buying an additional 451,852 shares during the last quarter. Millennium Management LLC grew its stake in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Comfort Systems USA by 56.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock worth $211,924,000 after purchasing an additional 240,466 shares during the last quarter. Blackstone Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter worth approximately $41,302,000. Finally, Swedbank AB acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at approximately $31,771,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

FIX stock traded up $1.27 during trading hours on Friday, reaching $392.31. The stock had a trading volume of 352,009 shares, compared to its average volume of 385,422. The stock has a market capitalization of $13.96 billion, a PE ratio of 30.02 and a beta of 1.13. 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 stock has a 50-day simple moving average of $376.75 and a 200 day simple moving average of $338.49. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week high of $424.63.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 31.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.74 earnings per share. Analysts predict that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.36%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.18%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares of the company's stock, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares of the company's stock, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares of the company's stock, valued at $41,553,389.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,091 shares of company stock worth $13,812,015 over the last quarter. 1.80% of the stock is currently owned by insiders.

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.