Mezzasalma Advisors LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 15.2% during the third quarter, HoldingsChannel reports. The fund owned 2,560 shares of the construction company’s stock after acquiring an additional 337 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Comfort Systems USA were worth $4,234,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Signature Equity Partners LLC boosted its position in Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after buying an additional 5 shares during the period. Capital Advisors Inc. OK grew its stake in Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after purchasing an additional 6 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Comfort Systems USA by 3.4% during the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock worth $303,000 after acquiring an additional 6 shares in the last quarter. LifeGoal Investments LLC grew its stake in Comfort Systems USA by 1.9% during the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company’s stock worth $519,000 after buying an additional 6 shares during the last quarter. Finally, Coston McIsaac & Partners increased its holdings in shares of Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares in the last quarter. 96.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
FIX has been the topic of a number of research reports. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA and gave the stock a “buy” rating in a research report on Monday, July 27th. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Weiss Ratings raised shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, KeyCorp boosted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $2,082.86.
Comfort Systems USA Stock Down 5.4%
NYSE:FIX traded down $87.80 during mid-day trading on Wednesday, hitting $1,538.84. The stock had a trading volume of 449,958 shares, compared to its average volume of 430,744. The stock has a 50-day simple moving average of $1,656.76 and a two-hundred day simple moving average of $1,728.79. The company has a market capitalization of $54.15 billion, a PE ratio of 37.85 and a beta of 1.66. Comfort Systems USA, Inc. has a twelve month low of $770.47 and a twelve month high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company earned $6.53 EPS. The business’s quarterly revenue was up 50.3% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 48.15 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is currently 8.85%.
Insider Transactions at Comfort Systems USA
In related news, insider Brian Lane sold 16,024 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,078 shares of company stock worth $43,211,828. Company insiders own 1.24% of the company’s stock.
About Comfort Systems USA
Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.
The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.
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