Intech Investment Management LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Intech Investment Management LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, HoldingsChannel.com reports. The fund purchased 26,740 shares of the construction company’s stock, valued at approximately $10,438,000.

Other large investors have also bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA during the third quarter worth $38,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Opal Wealth Advisors LLC bought a new stake in Comfort Systems USA in the second quarter valued at about $41,000. Finally, Contravisory Investment Management Inc. boosted its holdings in 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 during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % 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, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,746 shares of company stock valued at $14,684,140. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Trading Up 3.1 %

NYSE:FIX opened at $491.09 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $494.37. The company has a market cap of $17.48 billion, a P/E ratio of 37.57 and a beta of 1.13. The business has a 50 day moving average price of $407.56 and a two-hundred day moving average price of $351.45.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $2.74 EPS. The company’s revenue was up 31.5% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given 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 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 10.71%.

Analyst Ratings Changes

A number of analysts have recently commented on FIX shares. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $396.00 to $525.00 in a research report on Tuesday. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $466.33.

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.