Thompson Davis & CO. Inc. Purchases New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Thompson Davis & CO. Inc. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 895 shares of the construction company’s stock, valued at approximately $349,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its stake in shares of Comfort Systems USA by 14.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,585 shares of the construction company’s stock valued at $3,681,000 after purchasing an additional 1,470 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Comfort Systems USA by 14.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock valued at $7,594,000 after buying an additional 3,059 shares during the last quarter. Shell Asset Management Co. boosted its position in Comfort Systems USA by 36.9% in the 1st quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock valued at $502,000 after buying an additional 426 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at $1,044,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Comfort Systems USA during the first quarter worth $206,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 5.2 %

Shares of Comfort Systems USA stock opened at $474.34 on Wednesday. The business has a fifty day simple moving average of $401.57 and a 200 day simple moving average of $349.45. The stock has a market cap of $16.88 billion, a PE ratio of 36.29 and a beta of 1.13. 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 12 month low of $185.83 and a 12 month high of $474.73.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The trade was a 8.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,746 shares of company stock valued at $14,684,140. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus initiated coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their target price for the company from $396.00 to $525.00 in a research note on Tuesday. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $466.33.

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.