Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.9% in the third quarter, Holdings Channel reports. The institutional investor owned 8,356 shares of the construction company’s stock after selling 248 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Comfort Systems USA were worth $3,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIX. Covestor Ltd boosted its holdings in Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after purchasing an additional 31 shares during the period. Signaturefd LLC boosted its holdings in shares of Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after buying an additional 32 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Comfort Systems USA by 1.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,912 shares of the construction company’s stock valued at $746,000 after buying an additional 34 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Comfort Systems USA by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,043 shares of the construction company’s stock valued at $407,000 after buying an additional 35 shares during the last quarter. Finally, Mount Lucas Management LP lifted its holdings in Comfort Systems USA by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,724 shares of the construction company’s stock worth $673,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $495.13 on Tuesday. The stock 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, Inc. has a 12 month low of $185.83 and a 12 month high of $500.38. The stock’s 50 day moving average price is $416.37 and its 200 day moving average price is $354.66.

Comfort Systems USA (NYSE:FIX) last released 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. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $2.74 earnings per share. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. 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. The ex-dividend date was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insiders Place Their Bets

In related news, Director Vance W. Tang sold 2,700 shares of the 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 completion of the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by insiders.

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.