Point72 Asia Singapore Pte. Ltd. Sells 1,128 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Point72 Asia Singapore Pte. Ltd. cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,798 shares of the construction company's stock after selling 1,128 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Comfort Systems USA were worth $1,482,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FIX. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA during the third quarter worth approximately $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $41,000. V Square Quantitative Management LLC grew its stake 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 last quarter. Finally, True Wealth Design LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at $53,000. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the transaction, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business'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 completion of the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Trading Down 0.4 %

Shares of NYSE FIX traded down $1.79 during midday trading on Monday, reaching $491.48. 100,648 shares of the stock were exchanged, compared to its average volume of 381,321. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $510.79. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 37.73 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 business has a 50-day simple moving average of $426.20 and a two-hundred day simple moving average of $359.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (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 return on equity of 32.74% and a net margin of 7.18%. The company's revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 earnings per share. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Analyst Upgrades and Downgrades

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

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.