Comfort Systems USA, Inc. (NYSE:FIX) Position Boosted by Caprock Group LLC

Caprock Group LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 771 shares of the construction company’s stock after purchasing an additional 66 shares during the period. Caprock Group LLC’s holdings in Comfort Systems USA were worth $301,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Covestor Ltd lifted its position in shares of Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the last quarter. Signaturefd LLC lifted its position in shares of Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Comfort Systems USA by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock worth $746,000 after purchasing an additional 34 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Comfort Systems USA by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock worth $407,000 after purchasing an additional 35 shares during the last quarter. Finally, Mount Lucas Management LP lifted its position in shares of Comfort Systems USA by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

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 shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 $91,663,540.40. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $491.06 on Friday. The firm’s 50 day moving average is $413.47 and its two-hundred day moving average is $353.50. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $494.50. The firm has a market capitalization of $17.48 billion, a P/E ratio of 37.58 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.74 earnings per share. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share 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. Shareholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.29%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $481.00.

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.