1,960 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,960 shares of the construction company's stock, valued at approximately $765,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital World Investors raised its stake in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after purchasing an additional 451,852 shares during the period. Federated Hermes Inc. boosted its position in Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock worth $126,461,000 after acquiring an additional 8,578 shares during the period. Millennium Management LLC increased its holdings in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock valued at $104,229,000 after purchasing an additional 283,416 shares during the period. Driehaus Capital Management LLC lifted its position in shares of 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 worth $46,440,000 after purchasing an additional 8,363 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 88.0% during the second quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company's stock worth $43,349,000 after purchasing an additional 66,703 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research reports. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. UBS Group raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $396.00 to $525.00 in a research report on Tuesday. Finally, Stifel Nicolaus started coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a "buy" rating and a $524.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $466.33.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $2.06 during mid-day trading on Wednesday, reaching $476.49. 423,532 shares of the stock were exchanged, compared to its average volume of 383,444. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 36.29 and a beta of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $481.80. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $404.71 and a 200 day simple moving average of $350.57.

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. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.74 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 14th. 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 0.29%. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Insider Activity at Comfort Systems USA

In other news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by company insiders.

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.