HighTower Advisors LLC Has $4.89 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

HighTower Advisors LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 11.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,486 shares of the construction company’s stock after selling 1,567 shares during the quarter. HighTower Advisors LLC’s holdings in Comfort Systems USA were worth $4,885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. Entropy Technologies LP purchased a new stake in Comfort Systems USA in the 3rd quarter worth approximately $1,484,000. WCM Investment Management LLC increased its stake in shares of Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Schwartz Investment Counsel Inc. purchased a new stake in shares of Comfort Systems USA during the third quarter worth $1,327,000. Quest Partners LLC acquired a new stake in Comfort Systems USA during the third quarter valued at $940,000. Finally, Commerce Bank purchased a new position in Comfort Systems USA in the third quarter valued at about $511,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the 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 completion of the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,200 shares of company stock valued at $15,431,250. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FIX shares. Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target for the company. UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA Stock Down 0.7 %

Shares of Comfort Systems USA stock opened at $459.41 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $192.06 and a 12-month high of $510.79. The stock has a market capitalization of $16.35 billion, a P/E ratio of 35.15 and a beta of 1.18. 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 stock has a 50 day moving average price of $439.53 and a two-hundred day moving average price of $366.87.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted $2.74 EPS. Equities analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change 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 0.30%. Comfort Systems USA’s payout ratio is presently 10.71%.

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.