Tidal Investments LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Tidal Investments LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 25.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,203 shares of the construction company's stock after selling 1,738 shares during the period. Tidal Investments LLC's holdings in Comfort Systems USA were worth $2,031,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on 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 owns 5,498 shares of the company's stock, valued at $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,200 shares of company stock valued at $15,431,250. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX traded down $8.51 during trading hours on Tuesday, hitting $454.47. The stock had a trading volume of 287,380 shares, compared to its average volume of 377,399. The firm has a 50-day moving average price of $444.82 and a 200 day moving average price of $370.48. Comfort Systems USA, Inc. has a fifty-two week low of $194.30 and a fifty-two week high of $510.79. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 35.42 and a beta of 1.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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 net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $2.74 earnings per share. The company's revenue was up 31.5% compared to the same quarter last year. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FIX shares. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They set a "buy" rating and a $524.00 target price for the company. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price for the company. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.50.

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.