Harbor Capital Advisors Inc. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 101.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 22,323 shares of the construction company's stock after buying an additional 11,224 shares during the period. Harbor Capital Advisors Inc. owned about 0.06% of Comfort Systems USA worth $8,714,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of FIX. Capital World Investors lifted its holdings in Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after acquiring an additional 451,852 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Comfort Systems USA by 56.4% during the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock worth $211,924,000 after buying an additional 240,466 shares in the last quarter. Federated Hermes Inc. grew its position in Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after buying an additional 8,578 shares during the period. Millennium Management LLC increased its holdings 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 buying an additional 283,416 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock valued at $46,440,000 after buying an additional 8,363 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.
Insider Buying and Selling at Comfort Systems USA
In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred 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 directly owns 219,205 shares of the company's stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,091 shares of company stock valued at $13,812,015 over the last quarter. 1.80% of the stock is currently owned by insiders.
Comfort Systems USA Price Performance
Shares of NYSE:FIX traded up $1.27 during midday trading on Friday, reaching $392.31. 352,009 shares of the company's stock traded hands, compared to its average volume of 342,400. The company has a market cap of $13.96 billion, a P/E ratio of 30.02 and a beta of 1.13. The company has a fifty day simple moving average of $376.75 and a two-hundred day simple moving average of $338.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1 year low of $183.23 and a 1 year high of $424.63.
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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.18% and a return on equity of 32.74%. During the same quarter last year, the business earned $2.74 earnings per share. The company's revenue for the quarter was up 31.5% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, November 14th. Comfort Systems USA's payout ratio is 9.18%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th.
Get Our Latest Research Report on FIX
About Comfort Systems USA
(
Free Report)
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.
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