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

Harvest Fund Management Co. Ltd grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,888 shares of the construction company’s stock after purchasing an additional 95 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Comfort Systems USA were worth $737,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. raised its stake in shares of Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after purchasing an additional 8,578 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the third quarter worth $138,987,000. Millennium Management LLC increased its stake in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after buying an additional 8,363 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $495.13 on Tuesday. The company has a market cap of $17.62 billion, a PE ratio of 37.88 and a beta of 1.13. The company has a fifty day moving average price of $416.37 and a two-hundred day moving average price of $354.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $500.38.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.74 earnings per share. Research analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current 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 dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. Comfort Systems USA’s payout ratio is 10.71%.

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.