Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 54.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 66,994 shares of the construction company’s stock after buying an additional 23,733 shares during the period. Victory Capital Management Inc.’s holdings in Comfort Systems USA were worth $26,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Comerica Bank increased its holdings in Comfort Systems USA by 34.5% in the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock worth $32,956,000 after buying an additional 26,616 shares during the period. Entropy Technologies LP acquired a new stake in shares of Comfort Systems USA in the third quarter worth $1,484,000. Cetera Advisors LLC purchased a new position in shares of Comfort Systems USA during the first quarter worth $971,000. WCM Investment Management LLC lifted its position in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after purchasing an additional 14,090 shares during the period. Finally, Schwartz Investment Counsel Inc. purchased a new stake in Comfort Systems USA in the third quarter valued at $1,327,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the subject of several recent research reports. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $524.00 price target for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.00.

Insider Activity at Comfort Systems USA

In other news, CFO William George III sold 5,845 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the transaction, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. The trade was a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,591 shares of company stock worth $16,625,615 in the last three months. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Stock Up 1.3 %

NYSE FIX opened at $445.02 on Monday. The business’s fifty day simple moving average is $398.73 and its 200-day simple moving average is $348.11. 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 firm has a market cap of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $474.62.

Comfort Systems USA (NYSE:FIX) last posted its earnings results 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 company had revenue of $1.81 billion during 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 firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.74 earnings per share. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.31%. Comfort Systems USA’s dividend payout ratio is presently 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.