Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Mount Lucas Management LP

Mount Lucas Management LP boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,724 shares of the construction company’s stock after acquiring an additional 40 shares during the period. Mount Lucas Management LP’s holdings in Comfort Systems USA were worth $673,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Capital World Investors grew its position in shares of Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after acquiring an additional 451,852 shares during the last quarter. Federated Hermes Inc. grew its position in Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after purchasing an additional 8,578 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA in the third quarter valued at $138,987,000. Millennium Management LLC raised its holdings in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after buying an additional 283,416 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Comfort Systems USA by 5.8% during the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after buying an additional 8,363 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William George III sold 5,845 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,591 shares of company stock worth $16,625,615. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIX shares. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $524.00 price target on the stock. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Comfort Systems USA Stock Up 1.3 %

Shares of NYSE:FIX opened at $445.02 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $474.62. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $398.73 and its 200-day simple moving average is $348.11. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.74 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is 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 (DPR) is 10.71%.

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.