Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 89.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,268 shares of the construction company's stock after selling 19,677 shares during the period. Point72 Hong Kong Ltd's holdings in Comfort Systems USA were worth $885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at $53,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Comfort Systems USA in the 3rd quarter valued at $10,027,000. Fred Alger Management LLC grew its position in Comfort Systems USA by 20.1% in the 3rd quarter. Fred Alger Management LLC now owns 14,176 shares of the construction company's stock valued at $5,534,000 after acquiring an additional 2,370 shares during the last quarter. Captrust Financial Advisors grew its position in Comfort Systems USA by 77.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,012 shares of the construction company's stock valued at $785,000 after acquiring an additional 878 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at $344,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares of the company's stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares in the company, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. 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 three months. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Stock Down 0.3 %

Comfort Systems USA stock traded down $1.65 during midday trading on Monday, reaching $491.62. The company's stock had a trading volume of 93,482 shares, compared to its average volume of 381,296. The stock's 50-day simple moving average is $426.20 and its 200-day simple moving average is $359.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The stock has a market capitalization of $17.50 billion, a P/E ratio of 37.73 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business posted $2.74 earnings per share. The company's revenue for the quarter was up 31.5% compared to the same quarter last year. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.71%.

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.