5,837 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,837 shares of the construction company’s stock, valued at approximately $2,278,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Comerica Bank increased 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 purchasing an additional 26,616 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Comfort Systems USA during the third quarter worth $1,484,000. Cetera Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $971,000. WCM Investment Management LLC raised its holdings in shares of Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after buying an additional 14,090 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. acquired a new position in Comfort Systems USA during the 3rd quarter worth about $1,327,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FIX. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $525.00 price objective for the company. 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 objective for the company. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Trading Up 0.8 %

FIX opened at $495.13 on Tuesday. The firm has a 50 day simple moving average of $416.37 and a 200 day simple moving average of $354.66. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $500.38. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 37.88 and a beta of 1.13. 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 (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. 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 posted $2.74 EPS. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the director now owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company’s stock.

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.