Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 74.4% during the third quarter, Holdings Channel reports. The firm owned 6,422 shares of the construction company’s stock after selling 18,624 shares during the quarter. Royce & Associates LP’s holdings in Comfort Systems USA were worth $2,507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FIX. Capital World Investors increased its position in 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 buying an additional 451,852 shares during the period. Federated Hermes Inc. increased its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after acquiring an additional 8,578 shares during the period. Millennium Management LLC increased its holdings in shares of 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 acquiring an additional 283,416 shares during the period. Driehaus Capital Management LLC raised its position in Comfort Systems USA by 5.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock valued at $46,440,000 after purchasing an additional 8,363 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Comfort Systems USA by 88.0% during the 2nd quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company’s stock worth $43,349,000 after purchasing an additional 66,703 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 5.2 %

Shares of Comfort Systems USA stock opened at $474.34 on Wednesday. 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 has a market cap of $16.88 billion, a price-to-earnings ratio of 36.29 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $474.73. The company’s 50-day simple moving average is $401.57 and its 200-day simple moving average is $349.45.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $2.74 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 10.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. Finally, UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $396.00 to $525.00 in a research note on Tuesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $466.33.

Insider Transactions at Comfort Systems USA

In other news, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,746 shares of company stock valued at $14,684,140 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.