Verition Fund Management LLC trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 65.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,793 shares of the construction company's stock after selling 7,281 shares during the quarter. Verition Fund Management LLC's holdings in Comfort Systems USA were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after acquiring an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA in the third quarter worth $138,987,000. Millennium Management LLC increased its holdings in shares of Comfort Systems USA by 477.9% during the second 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. Jennison Associates LLC raised its stake in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock valued at $68,924,000 after purchasing an additional 173,709 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in 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 during the period. Institutional investors and hedge funds own 96.51% of the company's stock.
Comfort Systems USA Trading Down 0.0 %
Shares of NYSE:FIX traded down $0.14 during mid-day trading on Friday, hitting $497.00. The stock had a trading volume of 210,375 shares, compared to its average volume of 317,148. The company's 50 day moving average is $436.69 and its 200-day moving average is $364.87. Comfort Systems USA, Inc. has a 12-month low of $186.56 and a 12-month high of $510.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $17.69 billion, a PE ratio of 38.03 and a beta of 1.18.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $2.74 earnings per share. Comfort Systems USA's revenue for the quarter was up 31.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. Comfort Systems USA's payout ratio is presently 10.71%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Stifel Nicolaus initiated coverage on shares of 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. Northcoast Research began coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Finally, UBS Group upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $396.00 to $525.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $481.00.
View Our Latest Stock Analysis on FIX
Insider Buying and Selling at Comfort Systems USA
In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 completion of the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $4,682,160.00. Following the completion of the transaction, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by company insiders.
Comfort Systems USA Profile
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Free Report)
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.
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