Quest Partners LLC Takes $940,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Quest Partners LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,407 shares of the construction company's stock, valued at approximately $940,000.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Comfort Systems USA by 7.1% in the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company's stock worth $182,000 after purchasing an additional 31 shares in the last quarter. Signaturefd LLC boosted its position in Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company's stock valued at $147,000 after acquiring an additional 32 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Comfort Systems USA by 1.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company's stock worth $746,000 after acquiring an additional 34 shares during the period. CIBC Asset Management Inc raised its position in shares of Comfort Systems USA by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company's stock worth $407,000 after acquiring an additional 35 shares in the last quarter. Finally, Mount Lucas Management LP lifted its stake in shares of Comfort Systems USA by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company's stock valued at $673,000 after purchasing an additional 40 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

FIX traded up $15.75 during trading on Thursday, hitting $492.00. The company's stock had a trading volume of 101,932 shares, compared to its average volume of 382,198. The business's 50 day simple moving average is $407.56 and its 200-day simple moving average is $351.45. The firm has a market cap of $17.51 billion, a PE ratio of 36.46 and a beta of 1.13. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $494.06. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released 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. 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 analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The business's quarterly revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business 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 annualized dividend and a yield of 0.28%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's payout ratio is presently 10.71%.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares of the company's stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chairman now directly owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This 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 35,746 shares of company stock worth $14,684,140 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FIX shares. UBS Group raised Comfort Systems USA from a "neutral" rating to a "buy" rating and raised their price objective for the company from $396.00 to $525.00 in a research report on Tuesday. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a "buy" rating and a $524.00 price objective on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $466.33.

Comfort Systems USA Company 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.