Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 54.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,994 shares of the construction company's stock after acquiring an additional 23,733 shares during the period. Victory Capital Management Inc. owned 0.19% of Comfort Systems USA worth $26,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC raised its stake in Comfort Systems USA by 15.3% during the third quarter. Aptus Capital Advisors LLC now owns 21,251 shares of the construction company's stock worth $8,295,000 after purchasing an additional 2,814 shares during the period. Cumberland Partners Ltd acquired a new stake in shares of Comfort Systems USA during the 3rd quarter worth $1,561,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $212,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Comfort Systems USA in the third quarter valued at $765,000. Finally, Rakuten Securities Inc. grew its position in Comfort Systems USA by 5,620.0% during the third quarter. Rakuten Securities Inc. now owns 286 shares of the construction company's stock valued at $112,000 after acquiring an additional 281 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares of the company's stock, valued at $18,301,683.84. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business'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 sale, the director now owns 9,036 shares of the company's stock, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock worth $16,625,615 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Up 1.4 %

Shares of FIX stock traded up $6.28 during trading hours on Monday, reaching $451.30. The company had a trading volume of 246,140 shares, compared to its average volume of 383,200. The company has a market capitalization of $16.06 billion, a P/E ratio of 34.05 and a beta of 1.13. 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, Inc. has a twelve month low of $185.83 and a twelve month high of $474.62. The stock's fifty day simple moving average is $398.73 and its 200 day simple moving average is $348.44.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business's quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 earnings per share. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. This is a boost 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 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 10.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIX shares. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday. They issued a "buy" rating and a $524.00 price objective on the stock. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $376.00.

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.