Nisa Investment Advisors LLC Boosts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Nisa Investment Advisors LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,161 shares of the construction company’s stock after buying an additional 1,618 shares during the period. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $7,089,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FIX. State of Alaska Department of Revenue grew its position in shares of Comfort Systems USA by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 4,140 shares of the construction company’s stock valued at $1,616,000 after purchasing an additional 280 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Comfort Systems USA by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,523 shares of the construction company’s stock valued at $4,865,000 after buying an additional 93 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the third quarter valued at about $1,024,000. Highland Capital Management LLC purchased a new stake in shares of Comfort Systems USA in the third quarter worth about $276,000. Finally, BayBridge Capital Group LLC boosted its position in shares of Comfort Systems USA by 4.1% in the third quarter. BayBridge Capital Group LLC now owns 2,088 shares of the construction company’s stock valued at $815,000 after acquiring an additional 82 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 5,845 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at $18,301,683.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,091 shares of company stock worth $9,129,855. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $390.04 on Thursday. The stock’s 50-day simple moving average is $374.60 and its two-hundred day simple moving average is $337.26. Comfort Systems USA, Inc. has a twelve month low of $179.45 and a twelve month high of $424.63. The firm has a market capitalization of $13.93 billion, a P/E ratio of 38.62 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last announced its earnings results 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. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $2.74 earnings per share. Comfort Systems USA’s quarterly revenue was up 31.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. 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 dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 13.86%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

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.