Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Mount Lucas Management LP

Mount Lucas Management LP boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,724 shares of the construction company’s stock after buying an additional 40 shares during the quarter. Mount Lucas Management LP’s holdings in Comfort Systems USA were worth $673,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC lifted its holdings in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $41,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.3 %

Shares of FIX stock opened at $445.02 on Monday. The firm’s 50-day simple moving average is $398.73 and its 200-day simple moving average is $348.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $474.62. The firm has a market cap of $15.84 billion, a P/E ratio of 34.05 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $2.74 earnings per share. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 5,845 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,591 shares of company stock valued at $16,625,615. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $524.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $376.00.

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.