Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,888 shares of the construction company’s stock after buying an additional 95 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Comfort Systems USA were worth $737,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in Comfort Systems USA in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA in the third quarter worth about $38,000. Opal Wealth Advisors LLC bought a new stake in Comfort Systems USA in the second quarter worth about $41,000. V Square Quantitative Management LLC raised its position in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its position in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $525.00 price target on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $481.00.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated 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 owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $495.13 on Tuesday. The stock’s 50-day moving average price is $416.37 and its two-hundred day moving average price is $354.66. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $17.62 billion, a PE ratio of 37.88 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $500.38.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.74 EPS. On average, analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.35 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Comfort Systems USA 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.