Atria Investments Inc Has $1.16 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Atria Investments Inc cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,976 shares of the construction company’s stock after selling 591 shares during the quarter. Atria Investments Inc’s holdings in Comfort Systems USA were worth $1,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors raised its position in shares of Comfort Systems USA by 26.6% in the 1st 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 in the last quarter. Millennium Management LLC increased its position in Comfort Systems USA by 477.9% in the 2nd 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 in the last quarter. Blackstone Inc. bought a new stake in Comfort Systems USA in the 1st quarter valued at about $41,302,000. Swedbank AB bought a new stake in Comfort Systems USA in the 1st quarter valued at about $31,771,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $29,743,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE FIX opened at $445.02 on Friday. The company has a 50-day simple moving average of $398.73 and a two-hundred day simple moving average of $347.84. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $474.62. The firm 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 issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business posted $2.74 earnings per share. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIX. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $524.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the transaction, the director now owns 9,036 shares in the company, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock valued at $16,625,615 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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.