Fmr LLC decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,548,542 shares of the construction company’s stock after selling 156,452 shares during the period. Fmr LLC owned about 4.35% of Comfort Systems USA worth $604,473,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after purchasing an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $138,987,000. Millennium Management LLC boosted its stake in shares of Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of 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 acquiring an additional 173,709 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Comfort Systems USA by 5.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after acquiring an additional 8,363 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.
Insider Buying and Selling at Comfort Systems USA
In other news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s 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 owns 204,205 shares in the company, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company’s stock.
Comfort Systems USA Stock Down 3.5 %
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.74 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. 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 0.29%. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 10.71%.
Analyst Ratings Changes
Several research analysts have recently weighed in on FIX shares. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Northcoast Research started 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 on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $481.00.
Get Our Latest Analysis on FIX
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.
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