Shaker Investments LLC OH Buys New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Shaker Investments LLC OH bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,507 shares of the construction company’s stock, valued at approximately $2,150,000.

A number of other hedge funds have also added to or reduced their stakes in FIX. Cim LLC bought a new position in Comfort Systems USA in the fourth quarter valued at $525,000. Teachers Retirement System of The State of Kentucky lifted its stake in Comfort Systems USA by 3.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,716 shares of the construction company’s stock valued at $4,055,000 after acquiring an additional 565 shares during the last quarter. American International Group Inc. lifted its stake in Comfort Systems USA by 237.0% in the fourth quarter. American International Group Inc. now owns 65,559 shares of the construction company’s stock valued at $13,484,000 after acquiring an additional 46,108 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Comfort Systems USA by 73.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 269,068 shares of the construction company’s stock valued at $55,339,000 after acquiring an additional 114,115 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its stake in Comfort Systems USA by 3.3% in the fourth quarter. Congress Asset Management Co. MA now owns 262,434 shares of the construction company’s stock valued at $53,975,000 after acquiring an additional 8,331 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday.

Comfort Systems USA Stock Performance

NYSE FIX opened at $415.67 on Friday. The firm has a 50-day moving average of $352.29 and a 200-day moving average of $328.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The stock has a market cap of $14.85 billion, a PE ratio of 41.16 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $417.80.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s revenue was up 39.6% on a year-over-year basis. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,391 shares of company stock valued at $8,076,855 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.