Blueshift Asset Management LLC Has $452,000 Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Blueshift Asset Management LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 61.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,158 shares of the construction company’s stock after selling 1,846 shares during the quarter. Blueshift Asset Management LLC’s holdings in Comfort Systems USA were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FIX. Federated Hermes Inc. increased its position in shares of Comfort Systems USA by 2.1% in the second 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 period. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA during the third quarter worth about $138,987,000. Millennium Management LLC increased its holdings 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 during the period. Jennison Associates LLC raised its position in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 5.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after acquiring an additional 8,363 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. 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 report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $481.00.

Comfort Systems USA Stock Down 3.5 %

Shares of NYSE:FIX opened at $486.65 on Friday. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The company has a market capitalization of $17.32 billion, a PE ratio of 37.23 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a fifty day moving average of $424.04 and a 200-day moving average of $357.60.

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 analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the transaction, the chairman now directly owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. The trade was a 10.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA 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.