Comfort Systems USA, Inc. (NYSE:FIX) Position Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 10.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,442 shares of the construction company’s stock after acquiring an additional 600 shares during the period. PNC Financial Services Group Inc.’s holdings in Comfort Systems USA were worth $2,514,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $138,987,000. Millennium Management LLC grew its holdings in Comfort Systems USA by 477.9% in the 2nd 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 in the last quarter. Natixis Advisors LLC increased its position in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after acquiring an additional 119,033 shares during the period. Swedbank AB bought a new stake in Comfort Systems USA during the 1st quarter valued at $31,771,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth $29,743,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Up 0.8 %

FIX stock opened at $495.13 on Tuesday. The firm has a market cap of $17.62 billion, a PE ratio of 37.88 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $500.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. 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 (NYSE:FIX) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $2.74 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

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.