Rakuten Securities Inc. Buys 281 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Rakuten Securities Inc. increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5,620.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 286 shares of the construction company’s stock after acquiring an additional 281 shares during the period. Rakuten Securities Inc.’s holdings in Comfort Systems USA were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FIX. Capital World Investors grew its stake in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after buying an additional 451,852 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Comfort Systems USA by 56.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after acquiring an additional 240,466 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after acquiring an additional 8,578 shares in the last quarter. Millennium Management LLC grew its position in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in 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 valued at $46,440,000 after purchasing an additional 8,363 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.1 %

Shares of NYSE FIX opened at $466.95 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $184.85 and a 1-year high of $474.62. The company has a 50-day moving average of $387.63 and a two-hundred day moving average of $344.43. The company has a market cap of $16.62 billion, a PE ratio of 35.73 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 issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $2.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.35 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value 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 $3,699,880.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA 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 transaction, the director now directly owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,591 shares of company stock valued at $14,835,665 over the last three months. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Company 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.