Charles Schwab Investment Management Inc. lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,998 shares of the construction company's stock after selling 98,092 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of Comfort Systems USA worth $117,885,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of FIX. Comerica Bank boosted its holdings in Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company's stock valued at $32,956,000 after acquiring an additional 26,616 shares during the period. Entropy Technologies LP bought a new position in shares of Comfort Systems USA in the third quarter worth about $1,484,000. Cetera Advisors LLC bought a new position in shares of Comfort Systems USA in the first quarter worth about $971,000. WCM Investment Management LLC increased its stake in Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock worth $38,833,000 after buying an additional 14,090 shares during the period. Finally, Schwartz Investment Counsel Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at about $1,327,000. Institutional investors own 96.51% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on FIX shares. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. Northcoast Research started coverage on Comfort Systems USA in a report on Friday. They set a "buy" rating and a $525.00 price objective on the stock. UBS Group upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and upped their target price for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $481.00.
Check Out Our Latest Analysis on Comfort Systems USA
Insider Transactions at Comfort Systems USA
In other news, Director Vance W. Tang sold 2,700 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the sale, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 106,498 shares in the company, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 in the last 90 days. Insiders own 1.80% of the company's stock.
Comfort Systems USA Stock Performance
Shares of NYSE:FIX opened at $495.13 on Tuesday. The firm has a 50 day moving average of $416.37 and a 200 day moving average of $354.66. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 37.88 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $500.38.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $2.74 EPS. The business's revenue for the quarter was up 31.5% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently declared 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 a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.71%.
About Comfort Systems USA
(Free Report)
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.
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