State Street Corp Buys 6,496 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

State Street Corp grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,055,561 shares of the construction company's stock after buying an additional 6,496 shares during the quarter. State Street Corp owned approximately 2.97% of Comfort Systems USA worth $412,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA in the 3rd quarter valued at $138,987,000. Millennium Management LLC boosted 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 acquiring an additional 283,416 shares during the last quarter. Jennison Associates LLC raised its holdings in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock worth $68,924,000 after purchasing an additional 173,709 shares during the last quarter. Natixis Advisors LLC lifted its position in Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after purchasing an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Comfort Systems USA in the 2nd quarter valued at about $29,743,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Down 0.8 %

Comfort Systems USA stock traded down $3.52 during mid-day trading on Tuesday, hitting $459.20. 234,005 shares of the company's stock were exchanged, compared to its average volume of 379,094. The company's 50 day simple moving average is $438.14 and its 200-day simple moving average is $366.05. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $16.34 billion, a P/E ratio of 35.39 and a beta of 1.18. Comfort Systems USA, Inc. has a fifty-two week low of $192.06 and a fifty-two week high of $510.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm posted $2.74 earnings per share. Comfort Systems USA's revenue was up 31.5% compared to the same quarter last year. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note 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 report on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective for the company. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $493.50.

Insider Buying and Selling

In related news, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares in the company, valued at $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last ninety days. Company insiders own 1.80% of the company's stock.

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.